Trump might propose raising tariffs on $200bn of Chinese imports to 25%
Washington — The Trump administration plans to propose slapping a 25% tariff on $200bn of imported Chinese goods after initially setting them at 10%, a source familiar with the plan said on Tuesday. President Donald Trump’s administration said on July 10 it would seek to impose the 10% tariffs on thousands of Chinese imports. They include food products, chemicals, steel and aluminium, and consumer goods ranging from dog food, furniture and carpets to car tyres, bicycles, baseball gloves and beauty products. While the tariffs would not be imposed until after a period of public comment, raising the proposed level to 25% could escalate the trade dispute between the world’s two biggest economies. The source said the administration could announce the tougher proposal as early as Wednesday. There was no immediate reaction from the Chinese government. In July it accused the US of bullying and warned it would hit back. Investors fear an escalating trade war between Washington and Beijing co...
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