China pledges to hit back as more US tariffs are promised

Photo: © Alexlmx

Remember this? “Trade wars are good, and easy to win.” That is not looking like being the case at all, right now. Yes, The Donald has doubled down, again, and said he would impose a 10% tariff  – possibly rising “well beyond” 25% – on a further $300bn of Chinese imports; “a move set to hit American consumers more directly than his other tariffs so far,” according to Bloomberg.  

The new import taxes will start on September 1, on a long list ...