Trump administration announces tariffs on $200 billion in Chinese goods

The Trump administration said Tuesday that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese imports unless Beijing changes its trade practices, dramatically escalating President Trump’s trade war with China. The levies, which won’t take effect until a two-month review period is complete, will cover products from food items to tobacco, coal, and electronics.

“For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition,” U.S. Trade Representative Robert Lighthizer said, adding that Beijing had responded with unwarranted hostility to America’s “legitimate concerns.”

China called the new tariffs “totally unacceptable,” and vowed to retaliate, as it did when the U.S. recently hit China with 25 percent tariffs on $34 billion in annual Chinese imports.

Read More
%d bloggers like this: