Trade War Between China and the United States Continues
The trade war between China and the United States continues to escalate as continued tariffs are expected to be added. A 10% tariff is expected to be placed by the US later this month on $200 billion worth of goods from China. Before the end of the year, the US is projected to rise tariffs by 25%.
In retaliation, China will place tariffs on $60 billion worth of US goods on September 24th. President Donald Trump says he urges Chinese officials to take swift action ending their country’s unfair trade practices. American analysts believe this tariff war could harm possible diplomatic breakthroughs with China.