Washington — President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300bn in Chinese imports that are not  yet subject to US duties, breaking a tentative ceasefire.

The new tariff will be imposed beginning September 1, Trump said in a tweet on Thursday. The 25% tariff already imposed on $250bn in Chinese goods will remain in place, he said...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.