The trade war between the United States and China is escalating with the U.S. releasing a new list of Chinese products to be hit with tariffs.
The United States announces a list of additional tariffs on Chinese products worth $200 billion. This would be in addition to duties imposed on $34 billion in Chinese imports last week.
Beijing immediately retaliated with tariffs on the same value of U.S. goods, including soybeans and cars. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.
BREAKING: Trump readies tariffs on another $200B in Chinese goodshttps://t.co/LsFcv18Yf2
— POLITICO (@politico) July 10, 2018
— Newsweek (@Newsweek) July 8, 2018
Indian global trade expert explains why U.S. economy, consumers are set to suffer. Click for more pic.twitter.com/38703slCG3
— China Xinhua News (@XHNews) July 10, 2018
— Reuters Top News (@Reuters) July 9, 2018