Trump’s Rumored Tariff Plan Sparks Fears of Sino-U.S. Trade War
Tensions between Washington and Beijing are running high as the Trump administration is reportedly set to unveil tariffs worth as much as $60 billion annually on Chinese products — a move many fear would lead to a trade war.
U.S. media outlets reported that the White House is likely to announce punitive tariffs on Chinese imports by Friday. The tariffs reportedly would apply to $30 billion to $60 billion worth of Chinese goods a year, covering technology, telecommunications and consumer products. Other curbs, such as further restrictions on Chinese investment in the U.S., may follow.
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