Trump 'likely' to announce new China tariffs as early as Monday: source - News Summed Up

Trump 'likely' to announce new China tariffs as early as Monday: source


WASHINGTON (Reuters) - U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. Still, the additional tariffs could complicate trade talks with China expected later this month. The administration has already levied duties on $50 billion worth of Chinese goods following a study on China’s intellectual property practices released earlier this year. On Sept. 7, Trump warned that he had further tariffs ready to go on $267 billion worth of Chinese imports beyond those that will be targeted this week. If all of the tariffs were invoked, total imports from China facing tariffs would exceed the $505 billion in goods that the United States imported from China last year.


Source: Wall Street Journal September 15, 2018 20:16 UTC



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