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Trade war

Trump announces 10% tariffs on $300bn of Chinese goods

President cites broken promises and says further hikes possible

NEW YORK -- U.S. President Donald Trump said Thursday that he will impose additional 10% tariffs on $300 billion worth of Chinese imports starting Sept. 1, blaming Beijing's foot-dragging on agricultural purchases and other promises made during previous negotiations.

"Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of goods and products coming from China into our Country," Trump said in a Twitter thread, adding that the U.S. looks forward to "continuing our positive dialogue with China on a comprehensive Trade Deal."

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