Trade war: Trump increases tariffs on Chinese imports, Beijing vows retaliation
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Trade war: Trump increases tariffs on Chinese imports, Beijing vows retaliation

- The United States has increased tariffs on Chinese goods in the US

- President Donald Trump said China broke the deal in trade talks, adding that they would pay the consequence

- Items like phones, computers, toys, and clothing are especially targeted by the tariff increase

The United States has increased the tariffs on Chinese imports despite the ongoing talks that are aimed at easing the economic tension between both countries.

Donald Trump, president of the United States (US), said China “broke the deal” in trade talks, as Beijing which is the capital of China, threatened a retaliating response to the increased tariffs, BBC News reports.

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President Trump’s tariffs are on $200 billion Chinese goods entering the US and it takes effect on Friday, May 10.

"They broke the deal... They can't do that. So they'll be paying," Trump told supporters at a campaign rally in Florida.

Items such as cells phones, computers, clothing and toys are especially the consumer products that are targeted by the trade war as tariffs increased from 10% to 25%.

The heightened trade war started between both countries when the US accused China of not being serious towards trade reforms, an allegation Beijing strongly rejected.

China’s commerce ministry showed its deep regret and gave the strong warning that Beijing will not surrender to any pressure and threatened to take “necessary countermeasure”.

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Both countries have already imposed tariffs worth of dollars on one another's goods, creating uncertainty for businesses and affecting global economy.

Meanwhile, earlier reported that following the crash of an Ethiopian airliner, Trump issued an emergency order grounding all Boeing 737 Max 8 and Max 9 aircraft.

The president issued the order on Wednesday, March 13, during a scheduled briefing on border security, the Associated Press reports. ( -> We have upgraded to serve you better

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Source: Legit Newspaper

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