Primary tabs

Trade tensions escalate as Trump proposes US$100 bil in new China Tariffs

Global Economy

Trade tensions escalate as Trump proposes US$100 bil in new China Tariffs

Bloomberg Published on Fri, Apr 06, 2018 / 11:28 AM GMT+8

A-

A+

(Apr 6): President Donald Trump ordered his administration to consider tariffs on an additional US$100 billion ($132 billion) in Chinese imports, sending US stock futures tumbling on concern the world’s two largest economies are hurtling toward a full-blown trade war.

The move threatens to unravel efforts by top US and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.

See: US tariff list aims at technology China wants to dominate