President Trump threatens additional 200 billion dollars in tariffs on China

United States President, Donald Trump, has threatened to impose tariffs on an additional 200 billion dollars of Chinese goods in a revenge trade row with China. Trump threatened that the 10 tariffs would come into effect if China “refuses to change its practices”.

Last week, Trump announced the U.S. would impose 25 tariffs on 50 billion dollars’ worth of Chinese goods and China responded by saying it would hit 659 U.S. products worth 50 billion dollars. The U.S. asked China to stop practices that allegedly encourage the transfer of intellectual property, design and product ideas to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.