The US-China Trade War has further intensified with additional taxes being imposed on imported and exported goods, with the US placing 15% tariffs on a part of $300 billion in goods.
These changes will be impacted on a range of goods such as; food products, sports equipment and furniture, with economists at the Washington Peterson Institute of International Economics estimating a total of $112 billion in products being affected.
US President Donald Trump triggered this trade war in the last year, despite hundreds of companies pleading to the president to withhold the action, stating that the tariffs would induce havoc in the job and consumer market.