Hong Kong (CNN Business)Just days after they appeared to be on the verge of brokering a deal, the United States and China are fighting a trade war again.
The Trump administration made good on its threat to raise tariffs on $200 billion worth of Chinese exports from 10% to 25% earlier on Friday, marking a sharp escalation in tension between the world’s two largest economies.
After months of talks aimed at ending a year-long dispute that has already hurt global growth
and rattled stock markets
around the world, the latest US salvo risks triggering a new wave of tit-for-tat responses.