mo4ch:>Brace for higher prices: New round of US-China tariffs comes into force | Mo4ch News

The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in.Washington introduced 15 percent tariffs, hiked from the previous 10 percent, at 12:01 am EDT (04:01 GMT) on the first day of September. It is the first portion of tariffs targeting a combined total of $300 billion-worth of Chinese goods threatened by Washington, with another batch scheduled for December 15.  Separately, the US will rise the existing 25 percent tariff on $250 billion-worth of Chinese products to 30 percent, starting next month.The 122-page list, effective from September 1, covers a wide range of products –and, notably, many everyday household items– worth between $112 billion and $150 billion, according to various estimates.Also on rt.comUS recession ‘the biggest concern’ amid Washington-Beijing trade conflict, warns Standard CharteredFor example, the targeted items include…