Trade war: US hits China with new wave of tariffs (BBC)

The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods.

The new tariffs are a sharp escalation in the bruising trade war between the world’s two largest economies.

The move is the first phase of US President Donald Trump’s latest plan to place 15% duties on $300bn of Chinese imports by the end of the year.

In response, Beijing introduced tariffs on US crude oil, the first time fuel has been targeted. Read more

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