Update: Trump hits China with tariffs
President Trump has announced new tariffs on Chinese goods
The US has hit back at China in their escalating trade war raising tariffs in retaliation for Beijing's announcement earlier in the day of new duties on American goods. In a series of tweets President Trump said existing 25% tariffs on $250 billion in Chinese goods will increase to 30% starting on October 1st. We from the BBC's Zoe Thomas.