Trump Hits Back at China With More Tariffs Following China’s Retaliation

President Donald Trump at the presentation ceremony for the Presidential Medal of Freedom in the White House in Washington, on Aug. 22, 2019. Mandel Ngan/Getty Images

In the latest escalation of the U.S.-China trade war, President Donald Trump announced on Twitter Aug. 23 that he will balance the “very unfair trading relationship” with the Chinese regime by raising tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent.

The new rate will go into effect on Oct. 1.