US-China trade war escalates as Trump adds more tariffs

By Rachelle Harry

Image: Shutterstock

In a new development in the trade war between the US and China, US President Donald Trump is adding a 10% tariff to $300bn worth of imported Chinese goods, with effect from September 1.

Congestion at airports – and disruption to wider supply chains – could occur in the short term, as items such as electronics and clothing are rushed from China to the US before the new tariff is implemented.

China’s foreign minister, Wang Yi, commented: “Adding tariffs is definitely not a constructive way to resolve economic and trade frictions. It’s not the correct way.”

In addition, the US Chamber of Commerce, which represents more than 3m US companies, believes that the latest tariffs on China “will only inflict greater pain on American businesses, farmers, workers and consumers, and undermine an otherwise strong US economy.”

The latest action taken by the US contrasts progress in the trade war that was made in July. Last month, following discussions with Chinese President Xi Jinping at the G-20 summit in Japan, Trump stated that he would hold off imposing a 25% tariff on an additional $300bn worth of Chinese goods. He also permitted US firms to continue selling products made by electronics giant Huawei, thereby reversing a ban imposed in June.


Share this story

Related Topics

Latest americas news

Aeroterm selects Lödige for new JFK cargo facility

By Damian Brett

Aeroterm has selected Lödige Industries to install an automated cargo system at its new New York JFK facility operated by…

Read More

Share this story

Air Canada Cargo launches B767 freighters from St. John’s to Europe

Air Canada Cargo is launching a five times a week B767 freighter service from St. John’s (YYT) to Frankfurt and Madrid. Effective…

Read More

Share this story

Sao Paolo’s GRU Airport becomes strategic member of Pharma.Aero

Sao Paolo’s GRU Airport in Brazil has becomes a strategic airport member of Pharma.Aero, representing the East South America region….

Read More

Share this story