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U.S.-China trade negotiations to continue

The Trump administration on Friday increased tariffs on $200 billion worth of Chinese products from 10 per cent to 25 per cent despite China threatening to retaliate.

Trump on Thursday told reporters that such a move is necessary to hold China to previous commitments.

The US and China are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminum items from China in March last year, a move that sparked fears of a global trade war.

In response, China imposed tit-for-tat tariffs on billions of dollars worth of American imports.

The US President said: “We were getting very close to a deal, then they started to renegotiate the deal. We can’t have that”
 

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