Items Tagged with 'retaliation'

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.

China announced Friday it will increase tariffs on $75 billion worth of U.S. agricultural and other goods by 5-10% in retaliation for U.S. plans to hit about $300 billion worth of Chinese exports with new import taxes.

China is threatening to retaliate against the latest U.S. tariffs President Donald Trump threatened, according to a release from Xinhua News, a government-run media outlet.

China’s Finance Ministry announced today the country will raise tariff rates on $60 billion worth of U.S. products, an expected trade war escalation after the U.S. increased import taxes on Chinese goods Friday.

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.

President Donald Trump announced Monday night that he is ordering that an additional $200 billion in tariffs be levied against Chinese imported goods, raising the stakes in the burgeoning trade war between the two countries.