President Donald Trump’s continuing trade war with China will escalate once more on September 1, when his administration plans to impose tariffs of 10 percent on $300 billion of Chinese imports. These new levies follow previously enacted tariffs of 25 percent on a separate basket of imports worth $250 billion, with still more to come later this autumn, as the two nations continue their tit-for-tat sparring. According to the president, the goal of this trade war is to spur the creation of jobs stateside, or force China to agree to trade with the United States on more favorable terms. Democrats …read more
Source: The New Republic
