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Trump has decided to impose tariffs on $200 billion in Chinese goods in dramatic escalation of trade battle

2018-09-16 10:00:22       source:The Washington Post

September 15, 2018


President Trump has decided to impose tariffs on $200 billion in Chinese goods, two people briefed on the decision said, one of the most severe economic restrictions ever imposed by a U.S. president.


An announcement is expected to come within days, the people said, speaking on the condition of anonymity because they weren’t authorized to discuss internal plans.


The new tariffs would apply to more than 1,000 products, including refrigerators, air conditioners, furniture, televisions and toys. These penalties could drive up the cost of a range of products ahead of the holiday shopping season, though it’s unclear how much.


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https://www.washingtonpost.com/business/2018/09/15/trump-plans-tariffs-billion-chinese-goods-dramatic-escalation-trade-battle/?utm_term=.1bc8bf0c5058