US President Donald Trump has threatened to escalate tariffs on China to 100%, reigniting trade war fears between the two nations.
Currently, Chinese goods face US tariffs of 30% under levies imposed by Trump, who accuses Beijing of unfair trade practices and aiding in the fentanyl trade.
“Want to Help China, Not Hurt It”
Despite the threat, Trump claims that the US wants to help China, not hurt it, and believes that
“China will be fine”.
Author's summary: Trump threatens 100% tariffs on China, escalating trade war fears.