Last Wednesday, Donald Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, bringing duties on all Chinese imports to the US to well over 54%.
Then, China hit back with 34% retaliatory tariffs on imports of US goods.
In response, the US president said Washington will impose additional 50% tariffs on China if the nation does not withdraw its 34% retaliatory tariff by today.
China did not.
Sky News’ Gurpreet Narwan explains the possible impact of more tariffs on China and on world trade.
Read more: https://news.sky.com/story/what-china-could-do-next-as-trumps-tariff-war-ramps-up-13344255
#skynews #china #america #usa #tariffs #analysis
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