Tuesday, July 10, 2018

U.S. to add tariffs on $200 billion more in Chinese imports

The Trump administration is readying tariffs on another $200 billion in Chinese imports, ranging from burglar alarms to mackerel, escalating a trade war between the world's two biggest economies.

The Office of the U.S. Trade Representative proposed 10 per cent tariffs Tuesday on a list of 6,031 Chinese product lines. Last Friday, the U.S. imposed 25 per cent tariffs on $34 billion in Chinese products, and Beijing responded by hitting the same amount of U.S. imports. The administration said the new levies are a response to China's decision to retaliate.