U.S. to slap tariffs on extra $200 billion of Chinese imports

Business


WASHINGTON (Reuters) – The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.

FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song

U.S. Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 percent on the additional Chinese imports.

The move would be the latest in the escalating trade skirmish between the world’s two biggest economies.

Trump said last week the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods – roughly the total amount of U.S. imports from China last year.

Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized.

Reporting by Ginger Gibson and Eric Beech; Writing by David Alexander; Editing by Peter Cooney



Source link

Products You May Like

Articles You May Like

Nationals activate RHP Strasburg, 1B Zimmerman from DL
British reject May
PM May threatened rebels with a national election – The Times
Oasis return? Liam Gallagher urges end to estrangement from brother
Exclusive: Tesla

Leave a Reply

Your email address will not be published. Required fields are marked *