Trump announces new tariffs on China

The US has hit back at China in their escalating trade war raising tariffs in retaliation for Beijing's announcement earlier in the day of new duties on American goods. In a series of tweets President Trump said existing 25% tariffs on $250 billion in Chinese goods will increase to 30% starting on October 1st. We from the BBC's Zoe Thomas. Google has shut down 210 channels on YouTube it said were part of a "coordinated” attempt to post misleading material about the ongoing protests in Hong Kong. Twitter has also announced it would no longer allow ads from broadcasters who were financially and editorially controlled by governments, after facing severe criticism for allowing anti-Hong Kong ads to spread on the platform. This is just a small part of the online world of disinformation, spread by fake user accounts all across social platforms. On today’s World Business Report, Rob Young takes a long look into this dark world. Also in the show, a gathering of the banking elite this weekend will see central bankers from around the world congregating in the picturesque Wyoming mountain village of Jackson Hole. In the spotlight will be American Federal Reserve chair Jerome Powell, whose keynote speech will be scrutinised closely for clues on restoring global economic balance. And the BBC’s Elizabeth Hotson travels to the Great British Beer Festival to see how the UK’s largest beer lobby group is trying to address sexism in the industry.

(Picture description: Donald Trump, picture credit: Scott Olson/Getty Images)