Trump approves tariffs on USD 50 billion worth of Chinese goods, Beijing vows to retaliate
Washington/Beijing, Jun 15 (DIN NEWS) US President Donald Trump has approved levying of new tariffs worth USD 50 billion on Chinese exports and China today vowed to quickly retaliate, raising the possibility of a trade war between the world’s two largest economies and trading partners.The US says its tariffs on Chinese goods are in response to what it categorises as theft of intellectual property.A formal announcement is expected to be made by the US Trade Representative later today. Trump’s approval to impose tariffs on Chinese exports followed a 90-minute meeting he…
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