Trump Says More Tariffs Coming on Chinese Imports
The U.S. plans to impose a 10 percent tariff on an additional $200 billion worth of goods from China in response to China's retaliatory tariffs, President Donald Trump said in a June 18 statement. China's decision to implement 25 percent tariffs on $34 billion in U.S. imports, mirroring the Section 301 tariffs, shows China "has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," said Trump. "The latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage."
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After China retaliates, he said, the U.S. will impose the 10 percent tariffs, once the USTR has identified that list. If China retaliates again, the U.S. will escalate with additional tariffs on another $200 billion in goods, he said, but did not say at what level.