Trade war escalates as China slaps fresh tariffs on US goods

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Trade war escalates as China slaps fresh tariffs on US goods

Aug 08, 2018 22:27 IST

The US-China trade war continued to escalate as China imposed a fresh 25% tariff on $16 billion worth of US goods. The move comes following the United States' move to increase tariffs on Chinese goods worth the same amount. The new tariffs will hit passenger cars and motorcycles.

International