WASHINGTON — The United States and China are raising tariffs on tens of billions of dollars’ worth of each other’s imports, escalating a trade war, spooking financial markets and casting gloom over the prospects for the world economy.
China on Monday increased tariffs on $60 billion of U.S. goods. The move came after President Donald Trump pushed up tariffs on $200 billion in Chinese imports from 10 percent to 25 percent Friday — the same day that U.S.-China
Thank you for reading The Columbian.
Subscribe for only $99/year to get unlimited access.
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.
