Where Trump's new China tariffs will hit consumers
American consumers may feel President Donald Trump's trade war more keenly in their pocketbooks as soon as next week.
The White House late Monday released a statement from Mr. Trump imposing new tariffs of 10 percent on $200 billion in Chinese imports beginning Sept. 24 and expanding the levy to 25 percent beginning Jan. 1. If China retaliates, as it has already vowed to do, the administration said it will move to tax all imports from China, the U.S.'s biggest trading partner in 2017. That would add the penalties to an additional $267 billion of Chinese imports.
The tariffs under this new tranche include all but 300 items that were originally proposed by the Office of the U.S. Trade Representative before it held hearings seeking public comment about them over the summer, according to a statement from the USTR.
The U.S. has already slapped $50 billion in tariffs on China, along with those on steel and aluminum. Monday morning, Mr. Trump kept up his offensive against Beijing, tweeting that his tariffs are working, something most companies and economists disagree with.
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