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U.S. increases tariffs on Chinese goods

Credit: CBS News- Published on May 10, 2019
The White House said talks would continue Friday
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Credit: Wochit News
Published on May 10, 2019 -  00:32
Trump Says No Rush to Reach Deal With China As Trade War Escalates
According to Reuters, U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods. The United States on Friday increased its tariffs on $200 billion in Chinese goods to 25% from 10%, rattling financial markets in a trade war between the world’s two largest economies. The tariffs went into effect just hours before talks between U.S. and Chinese officials were held for a second day in Washington.

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