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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

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.

Trump announced Thursday that he would impose a 10% tariff on a further $300 billion in Chinese imports, a move set to hit American consumers more directly than any other in his trade wars so far. The new import taxes, which Trump later said could go “well beyond” 25%, will be imposed beginning Sept. 1 on a long list of goods expected to include smart-phones, laptop computers and children’s clothing.

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