US President Donald Trump has threatened to move to “phase three” if China retaliates. Photo: Bloomberg

US-China trade war heats up as Beijing hits back at US President Donald Trump’s new tariffs

Beijing retaliates with duties on US$60 billion of US goods due to come into effect on Monday

Topic |   US-China trade war

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US President Donald Trump has threatened to move to “phase three” if China retaliates. Photo: Bloomberg
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.