(Paul Wiseman & Martin Crtusinger – Associated Press)
The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires.
The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on Jan. 1.
President Donald Trump made the announcement Monday in a move that is sure to ratchet up hostilities between Washington and Beijing. Trump has already imposed 25 percent tariffs on $50 billion in Chinese goods. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president’s supporters in the U.S. farm belt. Click here to read more.
- Statement from the President (White House)
- Trump Hits China With Tariffs on $200 Billion in Goods, Escalating Trade War (New York Times)
- Trump Imposes Tariffs on $200-Billion Worth of Chinese Goods, Spares Some Consumer Tech (Reuters)
- U.S. Misjudgment of China’s Economy Dangerous: Analysts (Global Times)
- Donald Trump’s Tariffs Cement Costly Recovery From Hurricane Florence (McClatchy News)
- Trump Hits China With New Tariffs on US$200 Billion of Imports, Escalating Trade War Again (SCMP)