{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d53bc8af8fd800117b9642/67f72c43027873197891f8d3?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"China hits back at Trump tariff hike, raises duties on US goods","description":"<p>Suddenly, Donald Trump's trade war is in much sharper focus.</p><p><br></p><p>Rather than a fight on all fronts against the world, this now looks far more like a fight on familiar Trumpian territory: America v China.</p><p><br></p><p>The 90-day pause on the higher \"retaliatory\" tariffs levied on dozens of countries still leaves a universal across-the-board tariff of 10% in place.</p><p><br></p><p>But China – which ships everything from iPhones to children's toys and accounts for around 14% of all US imports – has been singled out for much harsher treatment with an eye-watering rate of 125%.</p><p><br></p><p>Trump said the increase was due to Beijing's readiness to retaliate with its own 84% levy on US goods, a move the president described as showing a \"lack of respect\".</p><p><br></p><p>But for a politician who first fought his way to the White House on the back of an anti-China message, there is much more to this than simple retaliation.</p><p><br></p><p>For Trump, this is about the unfinished business of that first term in office.</p><p><br></p><p>\"We didn't have the time to do the right thing, which we're doing now,\" he told reporters.</p>","author_name":"Daily SumUp"}