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Trump slaps retaliatory tariffs on Chinese goods
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Trump slaps retaliatory tariffs on Chinese goods

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Trump slaps retaliatory tariffs on Chinese goods

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President Donald Trump announced in a series of Twitter posts Friday that he would be imposing a higher rate of tariffs on some Chinese imports, after China earlier in the day said it would be slapping tariffs on another $75 billion worth of U.S. goods. The additional levies are set to roll out in two tranches. The $300 billion worth of imports from China that were set to be taxed at a 10% rate on September 1 will now be taxed at a 15% rate. And starting October 1, the $250 billion worth of Chinese imports currently taxed at 25% will be taxed at a rate of 30%, Trump said


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Location: New York

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Added On: August 23, 2019, 5:58 pm


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