US-China trade war heightens as new tariffs on $260bn goods hit

摘要

SINGAPORE (ICIS)--The US-China trade war escalated as a third round of tariffs involving $260bn worth of goods was implemented on Monday, concerns for which have been rattling Asia’s equities and currency markets. The US’ 10% tariffs on $200bn Chinese goods and China’s retaliatory 5-10% tariffs on $60bn US goods took effect at 04:01 GMT, barely three months since the trade war between the world’s two biggest economies officially started.