US President Donald Trump has started imposing tariffs on imports into the USA. Tariffs make imports more expensive – a cost which is often passed on to consumers who have to pay more for imported products. Now, Donald Trump has imposed 10% tariffs on all Chinese imports into the US. He says the Chinese tariffs are a response to the economic situation between the two countries and to help stop drugs coming into the US, which he partly blames on China.
Now, China has said that in response they will add tariffs onto some American goods. Trump has also threatened to impose 25% tariffs on Canada and Mexico, but these have been suspended – that means delayed – for 30 days. So, let's have our first headline. This is from MSN. China announces tit-for-tat tariffs as US levies come into effect.
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