Trump Unleashes Trade War with Latest Tariffs on China


Punishing US tariffs on Chinese imports took effect at 12:01 am Friday (0400 GMT), marking the start of President Donald Trump's trade war with China, despite the concerns of businesses and investors.

Beijing was expected to retaliate dollar-for-dollar with its own tariffs, after Trump imposed 25 percent duties on about $34 billion in Chinese machinery, electronics and high-tech equipment, including autos, computer hard drives and LEDs.