Trump’s Next Tariff Barrage Ready to Roll as China Scraps Talks
U.S. and China set to impose new levies on each other Monday
U.S. already threatening further escalation of trade war
The U.S. and China are hours away from a new round of tariffs on each other’s goods, with no improvement in relations between the two rivals in sight.
In a significant escalation, $200 billion of Chinese products will be subject to increased tariffs from 12:00 p.m. Beijing time on Monday, on top of the $50 billion in goods already charged higher duties earlier in the year. The combined $250 billion in products facing levies is almost half the value of imports from China last year.