China - Page 29

U.S. Wants NATO and Canada to Spend 5 Percent of GDP on Defense

U.S. Secretary of State Marco Rubio asked allied foreign ministers gathered in Brussels on Thursday to increase their defense spending to five percent of their gross domestic products (GDP) – a very substantial increase for most members of the North Atlantic Treaty Organization (NATO), and considerably more than the even the United States spends as a percentage of GDP.

U.S. Secretary of State Marco Rubio talks to the reporters at NATO Headquarters in Brussel

China Imposes 34% Tariff on All U.S. Imports

China announced on Friday that it will impose a 34 percent tariff on all U.S. goods in retaliation for President Donald Trump’s “Liberation Day” tariffs on Wednesday. The Chinese tariff hike is scheduled to take effect on April 10.

BEIJING, CHINA - MARCH 28: Chinese President Xi Jinping speaks during an international bus