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You are here News Economy Donald Trump raises stakes as US-China trade war begins

Donald Trump raises stakes as US-China trade war begins

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Donald Trump starts trade war with China

Donald Trump has threatened to impose tariffs worth hundreds of billions of dollars on Chinese imports to the US as a trade war between the world's two largest economies began on Friday.

US tariffs on $34bn (£25.7bn) of Chinese goods have come into effect.  China retaliated by imposing a similar 25% tariff on 545 US products, also worth a total of $34bn.

Mr Trump said the US might target Chinese goods worth $500bn - the total value of Chinese imports in 2017.

Beijing accused the US of starting the "largest trade war in economic history" and has lodged a case with the World Trade Organization (WTO).

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