China-United States trade war will intensify in 2018, with new tariffs and other trade barriers on imports from both countries set to take effect, CNBC’s Mike Hickey reports.
The move comes just weeks after China imposed new tariffs on steel, aluminum and cement.
The U.S.-China trade war has been intensifying for some time, with Trump’s administration ramping up pressure on Beijing over trade practices and retaliatory measures.
Trump’s rhetoric has raised concerns that Beijing is considering retaliating against U.s. firms for what it perceives as retaliation against Trump’s actions.
The trade war comes just days after the State Department said the U.K. would move to leave the European Union if Trump does not ease trade barriers.