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Trade war: Trump directs US companies out of China as Beijing imposes duties

Agency News

Washington, Aug 24: US President Donald Trump on Friday directed American companies to exit China.

Trumps action was following the Beijing imposed tit-for-tat tariffs on $75 billion worth of US goods. With this new move from China, the trade war between two larger economies entered into a more filthy encounter which carries widespread impact.

Taking to Twitter, US president said that he would issue a response to China's latest tariff plan on Friday afternoon. The president was meeting with his trade team at midday, a senior White House official told Reuters.

"We don't need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP," Trump tweeted.

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."

The retaliatory move of imposing tariffs on $75 billion of US goods, targeting crude oil for the first time and renewing punitive duties on American-made auto came out on Friday.