President Trump imposed tariffs on an additional $200 billion worth of Chinese imports, continuing an ongoing trade war. The tariffs will take effect on September 24, and will be valid until the year end. Meanwhile, Washington warned that if China takes any retaliation, the US would impose further tariffs.
The latest round of tariffs will not affect the Apple Watch and some other consumer products, such as children's car seats. Imposing the duties, Trump said he will “immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.”
The ongoing trade tensions between the world's two largest economic powers have ratcheted up after US-China trade talks ended with no major breakthrough.
