AssetID: 54660946
Headline: UNCAPTIONED: China Escalates Trade War, Raises Tariffs on US Goods
Caption: China Escalates Trade War, Raises Tariffs on US Goods. China has increased tariffs on US goods to 125% as the trade war with the United States intensifies over Donald Trump’s global tariffs. In response, Beijing faces a 145% levy on some of its exports to the US. President Xi Jinping has called on the European Union to stand with China against what he described as US “bullying,” warning that “there are no winners in a tariff war”. Despite the tensions, President Trump remains hopeful, stating that the two nations will eventually reach a mutually beneficial deal. Meanwhile, gold prices hit record highs as investors seek safe havens and while European stocks begin on a positive note, many Asian markets are down due to tariff-related uncertainties. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,China,increased,tariffs,US Goods,125%,trade war,United States,US President,Donald Trump,Chinese,Xi Jinping,exports,145%,levy,European Union,stand,bullying,mutually,beneficial deal,two nations,tensions,stock markets,effect,rising,falling,gold
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