The prospect of a tit-for-tat trade war increased yesterday as Donald Trump threatened to introduce fresh tariffs of 10% on Chinese imports worth $200 bn (£150bn).
The threat followed the introduction of Chinese tariffs, which in turn followed a US levy of 25% on “659 US products worth $50 billion – including agricultural products, cars and marine products”, the BBC reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Amazon's 'James Bond' deal could mean a new future for 007In the Spotlight The franchise was previously owned by the Broccoli family
-
Why are Republicans suddenly panicking about DOGE?TODAY'S BIG QUESTION As Trump and Musk take a chainsaw to the federal government, a growing number of Republicans worry that the massive cuts are hitting a little too close to home
-
What is JD Vance's Net Worth?In Depth The vice president is rich. But not nearly as wealthy as his boss and many of his boss' appointees
-
Trade wars, explainedThe Explainer Free trade is almost always good for any economy – so why is it so unpopular?
-
What is a sovereign wealth fund?The Explainer And will Trump use one to buy TikTok?
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Pros and cons of tariffsPros and Cons Mainstream economists are 'generally sceptical' levies on imports can protect domestic industries and promote prosperity
-
Can the UK avoid the Trump tariff bombshell?Today's Big Question President says UK is 'way out of line' but it may still escape worst of US trade levies
-
Five years on, can Labour's reset fix Brexit?Today's Big Question Keir Starmer's revised deal could end up a 'messy' compromise that 'fails to satisfy anyone'
-
Penny-pinching: Elon Musk looks at the cent to cut costsIn the Spotlight Musk's DOGE claims that millions can be saved if production on pennies is slashed
-
Is inflation about to surge again?Talking Points The Federal Reserve is cautious about Trump's policies
