Trump's tariffs on $200 bn of Chinese goods kicks in
The ongoing trade war between the US and China has escalated after American President Donald Trump`s administration`s new 10 per cent tariffs on $200 billion of Chinese goods kicked in on Monday, spanning thousands of products, including food seasonings, baseball gloves, network routers and industrial machinery parts.
Trump`s latest tariffs on China now apply to over $250 billion of Chinese goods, roughly half the amount the country sells to the US. Image Source: Reuters