China hits back at US with $60bn of new tariffs

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Response to Donald Trump’s imposition of $200bn tariffs further escalates trade war

China is to slap tariffs on an additional $60bn (£46bn) of imports from the US in retaliation against $200bn of new trade sanctions on Chinese goods announced by Donald Trump.

The latest moves represent a new step towards a full-scale trade war between the world’s two biggest economies. Further escalation is deemed likely because Trump is facing low approval ratings ahead of the US midterm elections in November, while China will not want to be seen to back down.

Related: The Guardian view on US-China trade wars: careful what you start | Editorial

Related: Donald Trump’s reliance on Chinese restraint is risky

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Source: china
Link : China hits back at US with bn of new tariffs

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