Caixin
Sep 18, 2018 07:46 AM
ECONOMY

Trump Slaps New Tariffs on $200 Billion of Chinese Goods

President Trump will put 10% tariffs on $200 billion of Chinese goods, which will go up to 25% at the beginning of next year. Photo: VCG
President Trump will put 10% tariffs on $200 billion of Chinese goods, which will go up to 25% at the beginning of next year. Photo: VCG

* Tariffs on $200 billion of Chinese goods will go up to 25% at the beginning of next year

* Tariffs on about $267 billion of additional imports will be pursued if China takes retaliatory action, Trump says

The Trump administration announced Monday a 10% tariff on another batch of $200 billion of Chinese imports, bringing the trade war between the world’s two largest economies to a new level.

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