Politico | Donald Trump could impose tariffs on US$200 billion in Chinese goods this week
The tariffs could reach as high as 25 per cent
This story is published in a content partnership with POLITICO. It was originally reported by Sabrina Rodriguez and Eliana Johnson on politico.com on September 15, 2018.
US President Donald Trump plans to proceed with duties on roughly US$200 billion more worth in Chinese goods as soon as Monday, a senior administration official confirmed, escalating what has already become a protracted trade battle between the world’s two largest economies.
The White House could announce on Monday or Tuesday that it will slap a 10 per cent tariff rate on the US$200 billion list of goods, the official told POLITICO.
But those tariffs could reach as high as 25 per cent, as Trump proposed last month increasing the tariff rate.
“We’ll start at 10,” the official said.
The administration has threatened these set of tariffs for months as punishment for China’s policies that have resulted in intellectual property theft or mandated technology transfers on US companies doing business in China.