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Trump slaps China with $50 billion in trade tariffs on imports

By ethan / June 15, 2018

The White House has announced a 25-percent tariff on $ 50 billion worth of Chinese goods in what it calls a clampdown on unfair trade practices by Beijing.

The step is expected to escalate trade tensions between the world’s two biggest economies.

READ MORE: Tit-for-tat: Beijing vows ‘immediate’ response as Trump backs $ 50bn in tariffs on Chinese goods

Since his presidential election campaign, US President Donald Trump has pledged to cut the trade deficit between the US and China and to curb Beijing’s allegedly unfair trade practices. Trump has also accused China of stealing US technology and intellectual property.

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