Trump imposes tariffs on $200 billion more of Chinese goods – The Boston Globe

Trump imposes tariffs on $200 billion more of Chinese goods – The Boston Globe

President Trump, emboldened by the United States’ economic strength and China’s slowdown, escalated his trade war Monday, saying the United States would impose tariffs on $200 billion worth of Chinese goods as punishment over Beijing’s trade practices.

The fresh round of tariffs comes on top of $50 billion worth of Chinese products taxed this year, meaning nearly half of all Chinese imports into the United States will soon face tariffs. The new wave is scheduled to go into effect Sept. 24, with tariffs starting at 10 percent before climbing to 25 percent by the end of the year. The timing will partially reduce the toll of price increases for holiday shoppers buying Chinese imports in the coming months.

via Trump imposes tariffs on $200 billion more of Chinese goods – The Boston Globe