Trump announces $50bn in China tariffs, escalating possibility of trade war

China unveils own set of levies of similar size and intensity Trump calls US’s trade relationship with China ‘no longer sustainable’ China has accused the United States of igniting a trade war, firing back against Donald Trump’s move to slap tariffs on tens of billions of dollars in Chinese imports. Trump announced a 25% tariff on $50bn of Chinese goods on Friday, prompting China to retaliate with a similar-sized set of levies, and calling on other countries to take “collective action” against the US. Continue reading... source: https://ift.tt/2ydgGOR #Headlines by: Dominic Rushe in New York Original Post: https://ift.tt/2ydgGOR https://ift.tt/2tdYqPE
source: https://droolindognews.blogspot.com/2018/06/trump-announces-50bn-in-china-tariffs.html