Trump threatens new tariffs on $200bn in Chinese imports
(The Guardian China)

President warns China not to move forward with tariffs of its own, as countries face potential trade warDonald Trump directed the US Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war.The tariffs, which Trump wants set at a 10% rate, would be the latest round of punitive measures in an escalating dispute over the large trade imbalance between the two countries. Trump recently ordered tariffs on $50bn in Chinese goods in retaliation for intellectual properly theft. The tariffs were quickly matched by China on US exports. Related: `The fool builds walls`: China takes aim at Trump trade war threats Continue reading...