Washington, United States -- Steep American tariffs on Chinese goods worth tens of billions of dollars are due to take effect when the clock strikes twelve on Thursday night, as US President Donald Trump fires the first salvo in a trade war between the world's top two economies. China has vowed to respond "immediately", with experts warning that tit-for-tat measures between the two financial superpowers will send shockwaves around the global economy and strike at the heart of the world trading system. The US will levy a 25-percent tariff on more than 800 Chinese product categories worth around $34 billion and has warned of more to come if a trade war escalat...
Keep on reading: Trade Wars: Trump loads first volley against China
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Keep on reading: Trade Wars: Trump loads first volley against China
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Trade Wars: Trump loads first volley against China
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July 04, 2018
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