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Trump Ready to Tax an Additional $267B in Chinese Imports

President Donald Trump said Friday that he’s prepared to impose tariffs on an additional $267 billion in Chinese imports. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of U.S. businesses and consumers. Those potential tariffs would come on top of tariffs Trump has said he’s poised to slap on $200 billion worth of goods from China — everything from handbags to bicycle tires. It would also be in addition to tariffs his administration has already imposed on $50 billion in Chinese imports, for which Beijing has retaliated with an equal amount of import taxes on U.S. goods. “I hate to say this, but behind that there is another $267 billion ready to go on short notice if I want,” Trump told reporters on Air Force One. “That totally changes the equation.”  The trade war the president has initiated...

 

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