The US and China just imposed new tariffs as trade tensions continue to escalate

Oliver Contreras/Getty; Greg Baker/Getty; Shayanne Gal/Business Insider

• The US and China both implemented tariffs on another $16 billion worth of each other’s goods on Thursday.
• The latest tit-for-tat escalation comes as representatives from both sides meet in Washington for further talks.
• But the two are unlikely to come to an agreement, and reports suggest US President Trump remains committed to a trade war.

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The US has fired its latest trade salvo at China, implementing a 25% tariff on another $16 billion worth of Chinese goods.

China immediately responded in kind with an equivalent tariff of its own against US exports.

See the rest of the story at Business Insider

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