China’s exporters to step up offshoring to beat Donald Trump’s tariffs

Newly reinstalled U.S. President Donald J. Trump looked askance at an Oval Office press conference on Monday when a reporter asked him about the presence of media mogul Rupert Murdoch, who was sitting awkwardly just outside of camera view.

Immediately after a new 10% tariff on all Chinese goods shipped to the US went into effect on Tuesday at 12:01 a.m. ET, China responded by announcing a 15% tariff on some goods it imports from the US: certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks.

Pressures and threats on China will not work: FM spokesperson on US tariffs on Chinese goods

The quick-fire volley of tariffs between the U.S. and China in recent days has heightened global fears of a new trade war between the world's two largest economies.