China, US kick off new round of tariffs in trade war

China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume sometime this month. A new round of tariffs took effect from 0401 GMT, with Beijing’s levy of 5% on US crude marking the first time the fuel has been targeted since the world’s two largest economies started their trade war more than a year ago.