Trump escalates trade war with Beijing, imposing tariffs on $200bn worth of Chinese goods

Trump escalates trade war with Beijing, imposing tariffs on $200bn worth of Chinese goodsThe Trump administration will impose tariffs on $200bn (£152bn) more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on consumer goods ranging from handbags to bicycle tyres. The tariffs will start at 10 per cent, beginning Monday of next week, and then rise to 25 per cent on 1 January. Donald Trump made the announcement on Monday evening in a move sure to ratchet up hostilities between Washington and Beijing.


Source: Yahoo! News

US And China Impose Fresh Tariffs As Trade War Escalates

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Source: Google News

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Source: Google News