Trump hits China with $200bn of new tariffs as trade war escalates

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President imposes import tariffs that will affect US consumers as he criticises ‘unfair practices’

Donald Trump has intensified his trade war with China by imposing new tariffs of $200bn on Chinese goods arriving in the US from next week.

The US president announced the tariffs in a statement, saying: “If China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267bn of additional imports.”

Related: Markets wary as US-China trade talks end without breakthrough – as it happened

Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be “Tariffed!”

Related: American farmers fear being caught up in Trump’s trade wars

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Source: china
Link : Trump hits China with 0bn of new tariffs as trade war escalates

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