Trump signs tariffs on imported steel and aluminum for all nations including China. China is the top player in the steel industry. It retailed with a $3 billion tariff on U.S. imports.
The U.S. continues its trade war with China after weeks of stalled talks between Beijing and Washington. The source was released by Bloomberg, CNN.
50 billion-dollar tariffs announced in June have been periodically rolled out over the summer, with Thursday's tariffs the latest development in that multi-billion dollar announcement.
Image source: https://www.statista.com/chart/15199/us-chinese-trade-war-escalates/
Image license: CC-BY-ND