Trade war: Rest of world will be affected too

Trump indicated to reporters on Thursday that he will bump it up to tariffs on $50 billion worth of Chinese goods in two weeks if Beijing continues with tit-for-tat measures. And if China did not back down, he warned that he would up the stakes, first to tariffs on $200 billion worth of Chinese goods, and then to $500 billion, which is pretty much the entire complement of Chinese exports to the US.

from Times of India https://ift.tt/2tZShYN