President Donald Trump's trade war with China is set to deepen this week, with the United States poised to significantly hike tariffs on US$200 billion (S$275 billion) worth of Chinese goods, up from the US$50 billion now in effect.
A period for public comment on Mr Trump's threat to essentially quadruple tariffs on China ends today. Analysts believe the President will move swiftly to impose the additional tariffs, though when they will take effect and at what rates remain to be seen. China has warned that it will retaliate with more of its own tariffs on American imports.
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