US, China impose new tariffs on each other's goods

The US has slapped a new round of tariffs on $200 billion worth of Chinese imports. China has retaliated with import duties on $60 billion worth of American goods. The latest tit-for-tat comes as Beijing refuses new talks with Washington. Also, trying to keep deficit in check... the French government unveils its proposal for next year's budget, with cuts in taxes but also in jobs.