Talkback: will China and US tariff war elevate?

China has announced plans to hit the United States with new tariffs of 25 per cent on soybeans, cars, whiskey and other imports worth A$65 billion. The new tariffs mark a significant escalation of the brewing trade war between the world's two largest economies. Ivan and Alex have asked the director of Simon Wu and Co. Mr. Simon Wu to explain whether he think the tariff war between China and US will elevate.

China will take counter-measures of the same scale if the US imposes further tariffs on Chinese goods. Source: SBS