Trump slaps fresh tariffs on $200B of Chinese goods

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Trump slaps fresh tariffs on $200B of Chinese goods

Post  kelee877 on Mon Sep 17, 2018 7:36 pm

President Donald Trump on Monday escalated the U.S.-China trade war by announcing new tariffs on about $200 billion of Chinese imports.

The move, which had been expected since at least the weekend, imposes 10 percent tariffs on the products. The levies will climb to 25 percent beginning Jan. 1, 2019. The Trump administration also threatened to pursue additional tariffs on $267 billion worth of Chinese goods if Beijing retaliates against farmers or other U.S. industries.

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kelee877
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Re: Trump slaps fresh tariffs on $200B of Chinese goods

Post  kelee877 on Tue Sep 18, 2018 3:06 pm

Trade War Amplifies: China Sets Tariffs On $60 Billion Worth Of US Goods


In retaliation for tariffs leveled on China, the Communist government has returned the favor, and set tariffs on $60 billion worth of goods imported from the United States. It only took mere hours for China to respond to the announcement that the US would place tariffs on $200 billion in Chinese goods.

If the U.S. continues to raise its tariffs, China will respond in kind, according to a report by NPR. This current ramp up in the trade war sets the stage for yet another set of tariffs and sky-high tensions between the US and China. On Monday, president Donald Trump also threatened to add levies on about $267 billion of additional imports if China retaliated.

When announcing the tariffs against China on Monday, Trump said China’s trade practices, such as forcing U.S. companies to transfer technology to Chinese firms, “plainly constitute a grave threat to the long-term health and prosperity of the United States economy.”

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