Trump puts 25% tariff on Chinese goods

_101836871_gettyimages-925935800US President Donald Trump is to impose 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft.
Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July.
The White House said it would consult on tariffs on the other $16bn of products, and would apply these later.
If China retaliates, as it has already pledged to do, the US will impose even more tariffs, Mr Trump warned.
Mr Trump said the tariffs were “essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs.”
The Chinese product lines that have been hit range from aircraft tyres to turbines and commercial dishwashers.
Stock markets dropped in Europe and the US after the announcement with investors concerned about a possible trade war.

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