Saturday 21 September 2019

Trade war escalates as US raises tariffs on €178bn of Chinese goods

Donald Trump’s trade war with China is hitting sentiment (PA)
Donald Trump’s trade war with China is hitting sentiment (PA)
Independent.ie Newsdesk

Independent.ie Newsdesk

An increase in tariffs on $200 billion (€178 billion) in Chinese imports to the United States has come into effect - escalating tensions with Beijing.

The Trump administration raised the import taxes on those goods from 10pc to 25pc.

China has threatened to retaliate if Mr Trump proceeded with his threat to raise those tariffs.

The Trump team is intensifying its trade war with Beijing, which it claims reneged on commitments it had made in earlier trade talks.

The tariff increase took effect even after negotiators for the two sides resumed talks in Washington on Thursday.

The talks were due to resume on Friday after wrapping up without any word on progress.

PA Media

Today's news headlines, directly to your inbox every morning.

Editors Choice

Also in World News