Economics

Everything You Need to Know About Trump's Latest Tariffs

China Vows to Retaliate as Trump Rolls Out $200 Billion Tariff Hit
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The Trump administration’s latest salvo in a burgeoning trade war includes tariffs imposed on an additional $200 billion worth of Chinese goods ranging from steel panels to fresh garlic.

The U.S. will introduce an initial 10 percent tariff, giving American businesses some time to find alternative supply chains, before the duties rise to 25 percent from the start of next year. China responded by saying it will retaliate with its own measures.