Trump Hits Back at China With More Tariffs Amid Escalating Trade War

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US President Donald Trump on Friday, 23 August announced to raise existing and planned tariffs on Chinese products in retaliation for Beijing’s announcement earlier in the day of new duties on American goods.

“Starting on October 1st, the 250 BILLION (US) DOLLARS of goods and products from China, currently being taxed at 25 per cent, will be taxed at 30 per cent,” Trump said in a statement to the White House press corp.

“Additionally, the remaining 300 BILLION (US) DOLLARS of goods and products from China, that was being taxed from September 1st at 10 per cent, will now be taxed at 15 per cent. Thank you for your attention to this matter!” said the US president in his unusual statement, portions of which were in capital letters.