https://www.siliconvalley.com/2019/05/13/apple-tesla-falter-as-china-trade-war-hits-wall-street/ > The trade war is on. And the battlefield is getting ugly. > Bay Area business giants such as Apple, Tesla, HP and Intel joined a broad stock market retreat Monday as China retaliated to President Donald Trump’s new tariffs on Chinese goods by slapping new tariffs of their own on $60 billion in products imported from the United States. China said that starting June 1, it will raise the tariffs on approximately 5,000 different goods to 25% and on a number of other products to 20%. The current tariff rates are now 5% to 10%.