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China unlikely to back down in face of new tariff threats from Trump, say analysts
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US President Donald Trump has said that if China increases its tariffs yet again, the US will meet that action by pursuing additional tariffs on another $200 billion of goods.
PHOTO: AFP
WASHINGTON - United States President Donald Trump's threat of additional tariffs on US$200 billion worth of Chinese goods has dramatically raised the risk of a full scale trade war with China.
"If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods," he said in a statement on Monday (June 18) evening.
