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Trade war

US imposes 10% tariffs on $200bn of Chinese goods, threatens more

Trump vows to tax another $267bn of imports if Beijing retaliates

U.S. President Donald Trump has escalated the trade war with China with a fresh round of tariffs.   © Reuters

NEW YORK -- The Trump administration pulled the trigger on tariffs Monday, significantly escalating the Sino-American trade dispute with a fresh set of import duties targeting roughly $200 billion in Chinese goods.

A 10% tariff on the list will take effect Sept. 24, giving affected U.S. businesses time to adjust before a 25% rate kicks in on Jan. 1. "Further, if China takes retaliatory action against our farmers or other industries, we will immediately pursue ... tariffs on approximately $267 billion of additional imports," President Donald Trump said in a statement released by the White House.

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