Balanced Reporting. Trusted Insights. Sunday, September 22, 2019

Items Tagged with 'retaliation'

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Trump announces US tariff hike in latest trade war escalation

Decision comes after Chinese tariff increase Friday morning
The U.S.-China trade war escalated again for the second time Friday after President Donald Trump declared the U.S. would increase rates for existing tariffs on $250 billion of Chinese goods as well as boost tariffs on $300 billion worth of imports that haven’t yet been levied.
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China threatens higher tariffs on $60 billion in US exports

China today promised to strike back once again over a planned escalation of U.S. import taxes. The Chinese Finance Ministry announced it will increase tariffs on an additional $60 billion worth of U.S. products if the U.S. follows through with a plan to add tariffs to $200 billion of Chinese goods by September.
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