US President Donald Trump has threatened to impose a further $200 billion of fresh tariffs on Chinese imports, reports the Financial Times, after Beijing retaliated in equal measure to the White House’s $50 billion in tariffs signed last week. In a statement on Monday evening, Trump said that he had instructed US Trade Representative Robert Lighthizer to draw up a list of $200 billion worth of Chinese goods to be subject to 10% tariffs on top of the 25% rate imposed on Friday. “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said. “If China increases yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods,” he added. Like Loading...
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.