Trump ups the stakes in China trade war

The dispute over tariffs could be a foreshadowing of something far worse. Emily Hohler reports.

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Trump: about to start a new cold war?
(Image credit: Copyright (c) 2018 Shutterstock. No use without permission.)

On Monday, Donald Trump ratcheted up the escalating trade war with China by announcing 10% tariffs on $200bn worth of Chinese goods, to take effect from 24 September. The rate will be raised to 25% on 1 January. China responded the next day by imposing tariffs on $60bn in American goods. China appears more vulnerable in a tariff war, because it imports around $130bn of goods from America each year, while its exports to the US total $500bn.

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Emily Hohler
Politics editor

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.

Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.