Trump imposes tariffs on $200-billion worth of Chinese goods

Trump said on Monday he will impose 10% U.S. tariffs on $200 billion worth of Chinese imports. He warned that if China takes retaliatory action, “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.” Collection of tariffs will start September 24. The rate will increase to 25% by the end of 2018.