US President Donald Trump’s proposed increase in tariffs will hit $350 billion worth of goods imported from China, according to economic analysts.
Trump announced his intention to impose the additional tariffs recently in a tweet, but the US and China are currently locked in trade talks and there may be some modifications to the proposal.
The effects of his announcement, however, have been far-reaching, and are said to be the reason for the $1 trillion fall in share prices around the world.
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