Caixin
Aug 02, 2018 05:49 AM
ECONOMY

Trump Threatens Steeper Tariffs on $200 Billion of Chinese Goods

China exported $505 billion of goods to the U.S. in 2017. Photo: VCG
China exported $505 billion of goods to the U.S. in 2017. Photo: VCG

* Trump advisers advocate tougher tariffs in effort to force trade concessions from China

* “China will inevitably take countermeasures, and we will resolutely protect our legitimate rights,” Foreign Ministry spokesman says

President Donald Trump is threatening to more than double proposed tariffs on $200 billion of Chinese goods imported annually, further escalating the trade war between the world's two biggest economies.

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