Regulation

Trump ratchets up US-China trade war with new tariffs

Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
Photo: Ritzau Scanpix/AP/Brendan Smialowski
Photo: Ritzau Scanpix/AP/Brendan Smialowski
BY SHAWN DONNAN, JENNY LEONARD AND DANDAN LI, BLOOMBERG

President Donald Trump abruptly escalated the trade war with China, throwing the focus on how Beijing will respond to a step that threatens to scupper the chances of a deal between the two sides.

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