Trade war between US and China could erupt Friday

Tariffs of close to USD 50 billion on as many as 1,300 Chinese-made products could be announced Friday by US President Donald Trump, reports Reuters.

Photo: Ritzau Scanpix/AP/Evan Vucci

A de-facto trade war between the US and China could be about to erupt if US President Donald Trump activates his plan to introduce tariffs for more than USD 50 billion on a long line of Chinese-made products.

According to news agency Reuters, Trump will meet Thursday with his trade advisers ahead of plans to, on Friday, publish a list of select Chinese-made products which will be subject to tariffs, a move attributed to the US' trade deficit with China.

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