Fears of a full-blown trade war between the world’s two biggest economies are set to intensify after the Trump Administration announced another round of tariffs on Chinese products on Tuesday. In a move that is likely to cause the further deterioration of US-China trade relations, the United States will begin imposing 25% tariffs on $16 billion of Chinese imports starting from Aug. 23. With Beijing expected to fight back by targeting $16 billion worth of U.S. goods with equal tariffs, the US-China trade saga could get even messier.
From:: Resource Investor