The US and China trade war continues to escalate. Earlier, China declared 25% tariffs on a new list of US exports. This morning, President Trump announced preparation of a new set of tariffs on the remaining product imported from China. The tariff will be up to 25% and is slated for earliest deployment in late June.
Read more here: https://ustr.gov/sites/default/files/enforcement/301Investigations/May_2019_Proposed_Modification.pdf