US-CHINA TRADE WAR: Trump raises tariffs on $200bn of Chinese goods

The United States has imposed a new round of punishing tariff increase on Chinese goods.

Negotiations kicked in on Thursday between a Chinese delegation led by Vice Premier Liu He and US negotiators led by Trade Representative Robert Lighthizer.

This came in after Trump’s administration accused Beijing of defaulting on commitments made during earlier trade talks.

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Speaking at a rally in Florida on Wednesday, Trump said China “broke the deal”

Reports claim that China has been a frequent target of Donald Trump’s rage, with the US president criticising trade imbalances between the two countries and Chinese intellectual property rules, which he says shamble US companies.

According to BBC, tariffs will increase on $200bn of Chinese goods from 10 percent to 25 percent on Friday. China promises to retaliate, but has not offered specifics on possible countermeasures.

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