The Trump administration is threatening to impose an extra 10% tariff on $200bn of Chinese imports – on top of the 25% rate on $50bn of goods imposed on 15 June – after Beijing retaliated with its own 25% tariffs on some US imports. “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said. China has said it will retaliate against any new levies by imposing a 20% duty on $60bn-worth of American products including soybeans, aircraft, aircraft engines and chemicals.
The Trump administration is threatening to impose an extra 10% tariff on $200bn of Chinese imports – on top of the 25% rate on $50bn of goods imposed on 15 June – after Beijing retaliated with its own 25% tariffs on some US imports. China has said it will retaliate against any new levies by imposing a 20% duty on $60bn-worth of American products including soybeans, aircraft, aircraft engines and chemicals.