18 June 2019 — Oriental Review
On 1 June 2019, Beijing introduced higher tariffs on around $60 billion worth of US products. This was in response to a decision by the US government on 10 May 2019 to increase tariffs on $200 billion worth of Chinese goods from 10 per cent to 25 per cent. Later, US President Donald Trump ordered tariffs to be imposed on a further $300 billion worth of Chinese goods. Washington has actually been waging a trade war against Beijing for some time now and is using the technology sector to bully the country in the hope that it will undermine its economic position as the US once managed to do with Tokyo.