US President Donald Trump ordered a tariff hike on almost all imports from China after the latest round of talks to end the trade war between the world's two largest economies ended on Friday without a deal even as Beijing said the negotiations have not broken down and it is cautiously optimistic to reach an agreement.
Expected to further escalate the trade war between the US and China, Trump's latest move came less than a day after he ramped up punitive duties on USD 200 billion worth of Chinese imports, raising them to 25 percent from 10 percent, and Beijing vowed to retaliate.
The new increase applies to an even greater value of goods put at about USD 300 billion.
US Trade Representative Robert Lighthizer said in a statement that Trump had "ordered us to begin the process of raising tariffs on essentially all remaining imports from China."
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