Trump Hikes Tariffs On Chinese Goods In Retaliation To Trade War Escalation

Posted on August 23, 2019 4:20 pm

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As widely expected, and as he himself previewed earlier in the day, Trump was set to unveil a major development in the US-China trade war this afternoon. That happened moments ago, when the president, in a series of 4 tweets, confirmed that he indeed was hiking tariffs on both existing and future China tariffs.

Specifically, Trump announced that in response to the $75 billion in tariffs that China just imposed on the US this morning – which “should not have” been put on as they were “politically motivated” – starting October 1, the existing 25% tariffs on $250BN in Chinese