(FASTNEWS|COLOMBO) – US President Donald Trump has said he will impose a fresh 10% tariff on another USD 300 billion of Chinese goods, in a sharp escalation of a trade war between the two countries.
It came after the latest round of bilateral talks showed little sign of a breakthrough.
The new tariffs, due to take effect on 1 September, effectively tax all Chinese imports to the US.
The duty is likely target a wide range of goods, from smartphones to clothing.
Mr Trump announced the tariff plan on Twitter, while criticising China for not honouring promises to buy more US agricultural products at this week’s negotiations in Shanghai.
