United States of America President Donald Trump escalates trade war tensions with China as he threatens further tariffs, tweeting that trade wars benefit America. The ensuing policy considers imposing 25% tariffs on an estimated $200 billion USD worth of Chinese goods, which is much higher than the initially estimated 10%. On August 3, 2018, China confirmed that in retaliation it plans to release a list of $60 billion USD worth of American goods that will be hit with analogous tariffs.
