Donald Trump slaps biggest tariffs yet on Chinese imports

Tuesday, September 18, 2018

The Trump administration is imposing tariffs on 200 billion dollars (£150 billion) more in Chinese goods, starting next week.

The move escalates a trade war between the world's two biggest economies and raises prices on consumer goods ranging from handbags to bicycle tyres.

The tariffs will start at 10 percent and rise to 25 percent starting on January 1.

President Donald Trump decided to begin taxing the imports - equal to nearly 40% of goods China sold the US last year - after a public comment period.

Beijing has said it is ready to impose retaliatory tariffs on American goods.

The US had already imposed tariffs on 50 billion dollars (£38 billion) in Chinese imports.

Mr Trump initiated the fight to punish Beijing for what he says are predatory tactics to try to supplant US technological supremacy.

 

China to take 'counter-measures'

China has said it will take "counter-measures" over US president Donald Trump's decision to raise tariffs.

Beijing's commerce ministry gave no details of China's response to US tariffs imposed in their fight over Chinese technology policy, although a list of 60 billion dollars' worth (£45 billion) of American goods was released earlier.

The Chinese commerce ministry said: "We deeply regret this.

"China will adopt counter-measures to safeguard its legitimate rights and interests and the global free trade order."

The two governments previously imposed 25% duties on 50 billion dollars (£38 billion) of each other's goods.

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