What Is the Endgame for the Trump Trade Wars?

Donald Trump's China Tariffs Don't Apply to Ivanka

Donald Trump's China Tariffs Don't Apply to Ivanka

The Trump administration pushed ahead with plans to impose tariffs on additional $200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.

The press offices for the US Trade Representative's office and White House didn't immediately comment when Bloomberg News contacted them.

China immediately retaliated with duties on the same value of USA goods, including soybeans and cars.

The list includes agricultural products, minerals and consumer goods such as handbags, among other items.

The move drew immediate condemnation from Senate Finance Chairman Orrin Hatch, a Republican from Utah, who called it "reckless" and not "targeted".

On Friday, the US slapped 25 percent taxes on $34 billion in Chinese imports, majority are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing.

Assuming that happens as planned, the Trump administration will have levied tariffs on over $100 billion in imports into the United States.

Many others in the US are already feeling the effects of the tariffs.

Beijing has called on Chinese firms to substitute American imports with those from other countries in response to United States trade tariffs.

A business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.