The United States announces a 10% tariff increase on Chinese goods

ChainCatcher reports that on the 1st, US President Trump signed an executive order to impose a 10% tariff on goods imported from China. This latest trade protection measure by the United States has met widespread opposition both internationally and domestically.

The White House stated that day that for all goods imported from China, the US will impose an additional 10% tariff based on existing tariffs. Trump said this is in line with his supported "protectionist measures".