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.
