Washington is threatening Beijing with even steeper duties if the country doesn’t lift the tariffs imposed in retaliation for President Donald Trump’s reciprocal duties. On Friday, China announced 34-percent tariffs on American-made goods – a reaction to Trump’s Wednesday White House announcement, wherein he targeted the nation’s biggest trading partners with steep, double-digit duties. Now, Trump is hitting back – again – with a promise to impose additional 50-percent duties on Chinese imports to the U.S.
