- The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
- The tariff will mostly apply to industrial equipment, like tractors and chemicals.
- In response, the Chinese government also announced a 25% tariff on $16 billion worth of US goods that will go into effect the same day.
- The move is the latest escalation of the trade war between President Donald Trump and China.
The US and China rolled out a new wave of tariffs as the trade war between the two countries rolls on.
The US will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday .
The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following an initial round of tariffs on $34 billion worth of Chinese imports that went into effect in early July. It represents the latest salvo in the ever-expanding trade war between the US and China.
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