Market Watch: US declares war
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The United States has ramped up its trade war on China by announcing a further $US200 billion in tariffs.
US Trade Representative Robert Lighthizer said the escalation is "a result of China's retaliation and failure to change its practices", adding "this is an appropriate response to obtain the elimination of China's harmful industrial policies".
Chief Market Strategist Evan Lucas and Editor Tony Kaye discuss the latest US tariff moves in the video above, and you can also read their in-depth articles on China published this week.