**WASHINGTON, United States (AFP) —** US President Donald Trump on Sunday hiked tariffs on $200 billion worth of Chinese goods, prompting Beijing to halt trade talks and vow to retaliate, sending global stocks tumbling. The move was the latest escalation in a months-long trade war between the world’s top two economies, which has already seen the two sides impose tit-for-tat tariffs on hundreds of billions of dollars in goods. Trump had threatened to impose the new tariffs if China did not agree to major concessions on trade and technology transfers at talks that ended Friday in Washington. Beijing had warned it would retaliate if the US raised tariffs, and on Sunday China’s commerce ministry said it would halt trade negotiations with the United States. .
US, China halt trade talks after Trump raises tariffs
