Trump Hits Back at China in Tariffs War
President Donald Trump hit back at China on Friday in their mounting trade war, raising existing and planned tariffs in retaliation for Beijing's announcement earlier in the day of new duties on American goods.
Washington, Aug 24 (AFP) President Donald Trump hit back at China on Friday in their mounting trade war, raising existing and planned tariffs in retaliation for Beijing's announcement earlier in the day of new duties on American goods.
Trump slammed the "unfair Trading Relationship," and said "China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!)."
The promised response -- which came in a signature Trump tweetstorm -- said existing 25 per cent tariffs on USD 250 billion in Chinese goods will increase to 30 per cent starting October 1.
And tariffs on USD 300 billion in products, due to take effect September 1 at 10 per cent, will now be set at 15 per cent, he said. (AFP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)