Trump eyes even higher tariffs as trade war with China escalates

PRESIDENT DONALD TRUMP threatened to impose tariffs on every single Chinese import into America. Friday morning, a 25 percent levy took effect on $34 billion of Chinese goods entering the U.S. / BLOOMBERG FILE PHOTO/QILAI SHEN
PRESIDENT DONALD TRUMP has threatened to impose tariffs on every single Chinese import into America. Friday morning, a 25 percent levy took effect on $34 billion of Chinese goods entering the U.S. / BLOOMBERG FILE PHOTO/QILAI SHEN
NEW YORK - President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows in a trade war that isn’t set to end anytime soon. After months of rhetoric, a 25 percent levy on $34 billion of Chinese goods entering the U.S. took…

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