US fires next shot in China trade war

The US has ramped up its trade war with China, listing $200bn (£150bn) worth of additional products it plans to place tariffs on as soon as September.

The move comes just days after the two countries imposed tit-for-tat tariffs of $34bn on each other's goods.

President Donald Trump had already threatened to impose additional tariffs against China if it retaliated.

The list names more than 6,000 items including food products, minerals and consumer goods such as handbags.

The public will have until the end of August to comment on the list before the new tariffs - to be imposed at 10% - come into effect.

Asian stock markets fell sharply in early trading amid escalating trade tensions between the two economic giants.

In China, Hong Kong's Hang Seng index dropped 2% while the Shanghai Composite fell 1.8%. Japan's benchmark Nikkei 225 index shed 1.7%.

SOURCE: BBC NEWS
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