Response to Donald Trump’s imposition of $200bn tariffs further escalates trade war
China is to slap tariffs on an additional $60bn (£56bn) of imports from the US in retaliation against $200bn of new US import tariffs announced by Donald Trump.
The latest moves represent a new step towards a full-scale trade war between the world’s two biggest economies. Further escalation is deemed likely because Trump is facing low approval ratings ahead of the US midterm elections while China will not want to be seen to back down.
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