After 'major escalation' in US-China trade war, what happens next?

After 'major escalation' in US-China trade war, what happens next?
by Jethro Mullen of CNN

    Both the United States and China have increased their tariffs on goods coming from the other country. All together $360 billion worth of goods have imposed tariffs on them. China added $60 billion to their tariffs after the United States added $200 billion to their own tariffs. In the past year, the U.S. has increased from 10% to 25% of goods from China with imposed tariffs compared to China's 5% to 10%. This is set to take affect September 24th of this year. The increase will have half of China to U.S. goods with tariffs. The U.S. has threatened China to add $267 billion worth of tariffs if China retaliates any further. China may instead of increasing tariffs attack U.S. businesses in China, like Apple or Boeing. Some companies are already reporting increased difficulties in dealings with the Chinese government. These difficulties may lead U.S. companies in China to leave China, so China is in a very difficult position. They want to show that they will not back down to the U.S., but they do not want to lose U.S. companies. Trump, of course, wants these companies to return to the U.S. Another concern is the scheduled talks between the two nations that are coming up. China has not yet said whether or not they will pull out from the talks, but they have hinted at that. The United States released a statement just before the tariffs that they look forward to the talks.

Web Address: https://www.cnn.com/2018/09/18/politics/china-us-tariffs/index.html
By, Morgan Knight