Voice from China: US President Donald Trump has raised the stakes in its trade war with China as the US increased tariffs to 25 per cent from 10 per cent on 200 billion US dollars’ worth of Chinese goods, which took effect from today. China’s Commerce Ministry has responded that it would take necessary countermeasures. Kaiyuan Capital’s Managing Director Brock Silvers shares what are China’s possible countermeasures and explains why tit-for-tat tariffs will not work. He also weighs in on the impact of the tariffs’ hike for both countries’ economic growth.

<p>Voice from China: US President Donald Trump has raised the stakes in its trade war with China as the US increased tariffs to 25 per cent from 10 per cent on 200 billion US dollars&rsquo; worth of Chinese goods, which took effect from today. China&rsquo;s Commerce Ministry has responded that it would take necessary countermeasures. Kaiyuan Capital&rsquo;s Managing Director Brock Silvers shares what are China&rsquo;s possible countermeasures and explains why tit-for-tat tariffs will not work. He also weighs in on the impact of the tariffs&rsquo; hike for both countries&rsquo; economic growth.</p>

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