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Trump administration to impose tariffs on approximately $200 bln worth of imports from China effective Sept. 24 -Senior Administration Official: Rtrs
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TARIFF RATE ON $200 BLN LIST WILL START AT 10 PCT, GO UP TO 25 PCT AT END OF YEAR -OFFICIAL
— FxMacro (@fxmacro) September 17, 2018
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TRUMP SAYS IN STATEMENT IF CHINA RETALIATES HE WILL IMMEDIATELY PURSUE TARIFFS ON $267 BILLION IN CHINESE IMPORTS
— FxMacro (@fxmacro) September 17, 2018
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Trump will slap 10% tariffs on $200 billion in Chinese goods — and they will go to 25% at year end
President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year. The action, announced by the Trump administration Monday, escalates a trade conflict between the world's two largest economies. China has already threatened to retaliate against new trade barriers. The White House removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals and other products such as bicycle helmets and high chairs. The action will only ratchet up tensions between Washington and ... (full story)
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