US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.
The levies will affect approximately $350 billion worth of Chinese exports to America.
Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.[Read more…] about Trump to raise tariffs on China goods to 25 percent