US, China Boost Tariffs on Each Other; Trump ‘Always Open to Talks’
VOA State Department Correspondent Nike Ching contributed to this report.
WHITE HOUSE — The trade war between Washington and Beijing further escalated Friday.
The United States will additionally hike tariffs on Chinese products, President Donald Trump announced.
Terming China’s announcement Friday of additional tariffs on $75 billion worth of American products “politically motivated,” Trump said he is retaliating by increasing the 25% tax, effective October 1, on $250 billion on goods of products from China to 30%.
Additionally, Trump announced on Twitter, the tariffs on the remaining $300 billion of Chinese goods to be imposed September 1 will rise from the 10% level to 15%.