FX.co ★ Trump resumes the trade war against China. China promises a tough answer

On Thursday, Trump said that from September 1, he will introduce a new tax of 10% on those goods from China that are not yet subject to an additional tariff. These are the products that are most in-demand by consumers in the US - smartphones, laptops, and baby clothes.

The reason for the new tariffs is the lack of progress in the US-China trade negotiations.

The answer of Chinese officials - China will not allow a unilateral deterioration for itself - China will respond to US actions.

The US stock market declined significantly on Thursday after falling on Wednesday.