ell that escalated quickly.
Merely a week after America officially slapped tariffs on $34 billion worth of Chinese exports (with China quickly hitting back by imposing duties on $34 billion of American goods), President Trump has announced taxes on another $200 billion worth of Chinese exports.
This second round of tariffs won't hit right away; they require a two-month review process with hearings in late August. But they show how rapidly this trade war can expand.
This creates what at first seems to be a problem for China: Beijing may soon run out of American goods to tax.
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