Trump Escalates Tariff Battle With China According to CNN,
$200 billion in Chinese goods
have been given hikes by the U.S. Affected exports will now
see tariffs jump to 25%. They were previously at 10%. The move comes as
trade talks stall between
the U.S. and China. CNN adds that the U.S. president's administration
is claiming that China is retreating from
previous trade commitments. In response to America's move, the
Chinese government says countermeasures will be taken. China's Ministry of Commerce,
via statement US-China Business Council VP Jacob Parker says
the tariff increase will negatively impact Americans. Jacob Parker, via CNN