Trump to announce $200 billion in new China tariffs Monday

The trade war with China shows no signs of slacking off and Donald Trump is preparing to up the ante. According to Reuters, Trump is likely to announce $200 billion more in tariffs on goods imported from China - perhaps as soon as Monday. The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs. The White House did not immediately respond to a request for comment. The upcoming tariffs will be on a list of items that included $200 billion worth of internet technology products and other electronics, printed circuit boards and consumer goods including Chinese seafood, furniture and lighting products, tires, chemicals, plastics, bicycles and car seats for babies. It was unclear if the administration will exempt any of the products that were on the list, which was announced in July. On Friday, White...(Read Full Post)
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