TRUMP ES­CA­LATES CHINA TRADE WAR

Austin American-Statesman Sunday - - MONEY & MARKETS EXTRA -

The trade war be­tween the U.S. and China is in­ten­si­fy­ing, as the world's two big­gest economies pile ever more taxes on each other's prod­ucts.

The U.S. is sched­uled to slap tar­iffs on $200 bil­lion in Chi­nese im­ports on Mon­day, adding to the more than $50 bil­lion worth that al­ready face U.S. im­port taxes.

China has vowed to coun­ter­punch with tar­iffs on $60 bil­lion in U.S. goods.

Pres­i­dent Don­ald Trump has threat­ened to up the ante by tax­ing just about every­thing China ships to the United States. The two coun­tries are locked in com­bat over Trump's al­le­ga­tions that Bei­jing pil­fers for­eign trade se­crets and forces U.S. com­pa­nies to hand over tech­nol­ogy in re­turn for ac­cess to the Chi­nese mar­ket.

The Amer­i­cans and Chi­nese haven't held high-level talks since June, rais­ing doubts about whether a res­o­lu­tion can be reached any­time soon.

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