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US-China trade war: Beijing vows to retaliate as tariffs raised – Business live

US has hiked the tariffs on $200bn of Chinese goods to 25% overnight, from 10%, escalating the battle between the two economic powers Latest: Trump threatens China with more tariffs Trump: We could help farmers Earlier: Summary: Tariffs kicked in overnight But goods already sailing to US will be spared Full story: Higher tariffs come

US has hiked the tariffs on $200bn of Chinese goods to 25% overnight, from 10%, escalating the battle between the two economic powers

Earlier:

2.28pm BST

Donald Trump is calling on companies to move their manufacturing to the US, and avoid his tariffs:

Build your products in the United States and there are NO TARIFFS!

Your all time favorite President got tired of waiting for China to help out and start buying from our FARMERS, the greatest anywhere in the World!

2.18pm BST

US treasury secretary Steven Mnuchin has arrived at the US trade representative’s office in Washington, for a second day of talks with the Chinese delegation led by vice-premier Liu He.

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