The Trump administration may be about to slap tariffs of up to 25% on an additional 200 billion dollars (£155 billion) of Chinese goods. The Trump administration may be about to slap tariffs of up to 25% on an additional 200 billion dollars (£155 billion) of Chinese goods. Trump poised to slap tariffs of up to 25% on more Chinese importsThe move would escalate a confrontation between the world’s two biggest economies and likely affect US companies which import everything from handbags to bicycle tyres. China said it is ready to impose retaliatory tariffs on 60 billion dollars’ worth (£46 billion) of US goods if that happens. The trade war could inflict further damage if it rattles financial markets, thereby hurting business confidence and potentially discouraging investment.

Source: Irish Independent September 06, 2018 10:52 UTC