President Donald Trump's tariffs on another $200 billion of Chinese imports took effect Monday, with Beijing accusing Washington of "economic intimidation" as the standoff between the world's top two economies clouds the global outlook.
The Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.
The European Union has warned that it would impose duties on $20 billion of American products if US President Donald Trump makes good on his tariff threat on imported cars, the bloc’s trade commissioner said.
The International Monetary Fund (IMF) warned world economic leaders that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threatened a major escalation in a dispute with China.
The US and China on Friday launched tit-for-tat tariffs on each other's imports, the opening shots in what Beijing called "the largest trade war in economic history" between the world's top two economies.