Trump Escalates Tariff Battle With China According to CNN, <br />$200 billion in Chinese goods <br />have been given hikes by the U.S. Affected exports will now <br />see tariffs jump to 25%. They were previously at 10%. The move comes as <br />trade talks stall between <br />the U.S. and China. CNN adds that the U.S. president's administration <br />is claiming that China is retreating from <br />previous trade commitments. In response to America's move, the <br />Chinese government says countermeasures will be taken. China's Ministry of Commerce, <br />via statement US-China Business Council VP Jacob Parker says <br />the tariff increase will negatively impact Americans. Jacob Parker, via CNN
