US president Donald Trump is proposing to raise tariffs on Chinese goods by a further 50% than those already announced to a staggering 104% as the trade spat between the two giant trading nations intensifies the tariffs would take effect from midnight US time on Wednesday, April 9.
Trump's decision, in a April 8 White House executive order, adding 84% onto existing 24% tariffs instead of 34%, came after China retaliated with a decision to slap 34% tariffs on US goods from April 10 after Trump unveiled sweeping tariffs on countries around the world last week in a sign that it is not prepared to backdown, China...
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