Trump imposes tariffs on $200B more of Chinese goods

National News
United States China Tariffs_1537224755540

FILE – In this Wednesday, Sept. 12, 2018 file photo, President Donald Trump arrives to speak at a Congressional Medal of Honor Society reception in the East Room of the White House in Washington. Trump is going ahead with plans to announce new tariffs on about $200 billion of Chinese imports, The Wall Street Journal […]

WASHINGTON (AP) — The Trump administration is imposing tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and raising prices on consumer goods ranging from handbags to bicycle tires.

The tariffs will start at 10 percent and rise to 25 percent starting Jan. 1.

President Donald Trump decided to begin taxing the imports — equal to nearly 40 percent of goods China sold the United States last year — after a public comment period. China has said it’s ready to impose retaliatory tariffs on U.S. goods.

The U.S. had already imposed tariffs on $50 billion in Chinese imports.

Trump initiated the fight to punish Beijing for what he says are China’s predatory tactics to try to supplant U.S. technological supremacy.

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