US has hiked the tariffs on $200bn of Chinese goods to 25% overnight, from 10%, escalating the battle between the two economic powersLatest: Trump threatens China with more tariffsTrump: We could help farmersEarlier:Summary: Tariffs kicked in overnightBut goods already sailing to US will be sparedFull story: Higher tariffs come into effect as talks continue 2.38pm BST DING DING! The New York stock market opening bell has been rung (thanks, Uber!), and shares are falling for the fifth day in a row.The Dow Jones industrial average has dropped by almost 100 points in early trading, or 0.36%, with similar losses across the S&P 500 and the Nasdaq. 2.28pm BST Donald Trump is calling on companies to move their manufacturing to the US, and avoid his tariffs:Build your products in the United States and there are NO TARIFFS!Your all time favorite President got tired of waiting for China to help out and start buying from our FARMERS, the greatest anywhere in the World! Continue reading…
Via: US-China trade war: Beijing vows to retaliate as tariffs raised – Business live
Categories: English News