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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
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China Trade Talks in Question
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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.