Trump will tax 10% of Chinese products valued at US$200 million on September 24
The Trump administration said on Monday that it would impose tariffs on about $200 billion in Chinese goods. As one of the measures to pressure China to change its business practices, trade tensions between the world's two largest economies have escalated.
Trump government officials said that the 10% tariff on the above-mentioned Chinese goods will take effect on September 24, and the tax rate will be raised to 25% at the end of the year. Tariffs will affect thousands of commodities, from suitcases to seafood and seafood, and the impact of Trump's aggressive tariff policy will be extended to a wider range of US consumers for the first time.
News Date: Sep 18th, 2018 Reported by Maggie.