President Trump seeks 25% tariffs on remaining $300 billion in Chinese goods

WASHINGTON – The trade war with China intensified late Friday as President Trump ordered 25% tariffs be placed on a remaining $300 billion in Chinese goods shipped to the United States. This is above the $200 billion in goods that were hit with an 15% in tariffs that went into effect early Friday, raising the rate from 10% to 25%.

The additional $300 billion in goods would include chenille fabrics, which previously had not been affected by the tariffs.

“Earlier today, at the direction of the President, the United States increased the level of tariffs from 10% to 25% on approximately $200 billion worth of Chinese imports,” said U.S. Trade Representative Robert Lighthizer in a statement on Friday. “The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.”

China on Monday also reportedly said it would retaliate by raising tariffs from 10% to 25% on an estimated $60 billion in goods shipped from the U.S. to China effective June 1.

According to the USTR, a process for public notice and comment will soon be published in the Federal Register. Details about the additional tariffs will be available on the USTR website today as officials begin the process of implementing the tariffs.

 

 

By