US-China trade war enters new phase - News Summed Up

US-China trade war enters new phase


WASHINGTON — President Donald Trump on Monday effectively broadsided one of the world's largest trade relationships, announcing plans to proceed with tariffs on another $200 billion in US imports of Chinese goods. Beijing has since accused the United States of starting the "largest trade war in economic history." In retaliating, China in July announced tariffs on American agricultural goods and autos. If China then slaps tariffs on another $60 billion in US goods, this will bring total US exports subject to Beijing's retaliation to $110 billion, at 2017 sales levels. American officials said Monday they were conscious of the need for American businesses to find alternate suppliers before the tariffs hit.


Source: Philippine Star September 17, 2018 23:48 UTC



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