(Sept 1): The Trump administration slapped tariffs on roughly US$110 billion ($153 billion) in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy.

The 15% duty hit consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion in Chinese goods -- including laptops and cellphones -- will be hit with 15% duties on Dec 15. President Donald Trump delayed part of the levies to blunt the impact on holiday shopping. China retaliated.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook