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Trade war inches closer in US-China tariff clash

US President Donald Trump has signed a tariff on Chinese goods into force. According to the US president, China's trade surplus is "out of control." Restrictions on trade could trigger severe negative consequences for global trade, warns Maersk.

Photo: Georg Hammerstein/POLFOTO/ARKIV
BY RITZAU FINANS & SHIPPINGWATCH
Published:

A trade war between the US and China has taken a step closer after US President Donald Trump acted on his threat to introduce tariffs on Chinese goods worth upwards of USD 60 billion.

Fears of a de facto trade war caused global stock markets to plunge Friday morning CET. Trump explained that he is acting because "the US has lost millions of jobs to China."

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