Trump raises stakes in trade war with China, targets further $200bn-worth of imports with tariff

Trump raises stakes in trade war with China, targets further $200bn-worth of imports with tariff
Trump raises stakes in trade war with China, targets further $200bn-worth of imports with tariff
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Published time: 18 Jun, 2018 23:42 Edited time: 18 Jun, 2018 23:54

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Trump raises stakes in trade war with China, targets further $200bn-worth of imports with tariff

US President Donald Trump is looking to impose a 10 percent tariff on another $200 billion-worth of Chinese goods, after Beijing imposed reciprocal tariffs on US imports, as part of an expanding trade war with Washington.

In a statement released by the White House on Monday, Trump cited Beijing’s decision to respond to US tariffs on $50 billion-worth of Chinese imports, imposed earlier, as his reason to escalate the conflict.

“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said. “Rather than altering those practices, it is now threatening US companies, workers and farmers who have done nothing wrong.”

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