Applied from Friday 10 May, the new tariffs imposed by Washington on Chinese products worth 180 billion euros will mainly affect confidence, observers note.
"In light of the lack of progress in discussions with China, the President has directed the Trade Representative to increase the rate of additional duty [from 10%]to 25%", states a notice issued by the Office of the Trade Representative on May 5. This decision came in response to what Washington described as a Chinese "backtracking"...