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Trump to Annouce Tariffs on $200 Billion in Chinese Goods

The U.S. President Donald Trump will announce new tariffs on $200 billion in Chinese goods on Monday, CNN  reported quoting The Wall Street Journal reported.

According to the Journal, the tariffs are expected to be set at around 10%, according to people familiar with the matter, a lower level than the possibility of 25% tariffs previously floated by the administration.

Earlier U.S. imposed 25% tariffs on $50 billion worth of Chinese goods, and Beijing responded by similar measures. Beijing has pledged to hit back again with tariffs on another $60 billion of US exports, including meat, coffee, furniture and auto parts.


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