DONALD Trump escalated the trade war with China by upping tariffs and ordering US firms to leave the Asian superpower. Stocks tumbled after Trump’s tirade, sending the Dow Jones Industrial Average …
DONALD Trump escalated the trade war with China by upping tariffs and ordering US firms to leave the Asian superpower.
“Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”Trump's latest escalation will impose a burden on many American households. If Trump goes ahead with all the tariffs he's announced, they would cover just about everything China ships to the United States.
Washington accuses China of using predatory tactics - including outright theft of U.S. trade secrets - in an aggressive drive to turn itself into a world leader in cutting-edge tech. Penalties that take effect December 15 cover 3,300 items including coffee, cinnamon, industrial chemicals and scissors, the ministry said.
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