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Trump Raises Tariffs on China as Frustration Mounts Ahead of G-7

Tariffs on $250 billion in existing tariffs to go to 30%
Follows Chinese retaliation to earlier Trump tariff move

Donald Trump — Donald Trump
Photographer: Jim Watson/AFP/Getty Images

By

Jennifer Jacobs and

August 23, 2019, 10:26 PM UTCUpdated onAugust 24, 2019, 11:41 AM UTC

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President Donald Trump escalated the trade war with China on Friday and moved further away from a deal to resolve frictions, announcing a wave of higher tariffs even as he prepared to set off for a gathering of world leaders.