<Anchor>

But President Trump is very angry with China. Last night in Washington morning rush hour China announced a new tariff on American goods, so President Trump called Xi Jinping an enemy and raised the tariff on Chinese goods. The New York stock market plunged, saying, "It's better not to have China, US companies must pull out of China."

This is reporter Lee.

<Reporter>

In response to US additional tariffs on the first day of next month, China said it will impose a 10% or 5% tariff on US $ 75 billion last night.

Separately, the US decided to pay a 25% tariff on US cars that were exempt from tariffs on December 15.

President Trump immediately fought back.

First, we increased the additional tariff rate from 10% to 15% for the $ 300 billion worth of Chinese products that were announced on the 1st of next month.

Starting October 1, it said it would increase existing tariffs on Chinese products worth $ 250 billion from 25 percent to 30 percent.

[Trump / US President: China has been selling over 500 billion dollars every year for money in the United States. Now you have to stop it.]

In his tweets, President Trump turned his opponent, the former chairman of the Federal Reserve's Chairman, Jerome Powell and Xi Jinping into China, an enemy.

The three major indexes of New York plunged more than 2%, with no concessions between the US and China.

In particular, the stock prices of Apple and semiconductor companies, which mainly produce products in China, fell significantly.

The United States and China are planning to resume trade talks in Washington next month, but there are concerns that negotiations will be stranded as the relationship between the two countries sharply diminishes.

(Image Editing: Won-hee Ahn)