Tariffs on $200 billion worth of consumer products and other goods from China are set to more than double on Friday per Trump’s orders.
bracing for a huge jump in costs as tariffs on $200 billion worth of consumer products and other goods from China are set to more than double on Friday per President Donald Trump’s orders.
Trump also intends to begin steps to slap a 25 percent duty on another $325 billion worth of Chinese goods. If those duties are put into place, that would essentially cover all U.S. imports — including Apple iPhones, toys and many household items — from the world's second-largest economy.By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time.
Trump administration officials hope the tariff actions will force China to reconsider some of its positions and move back into a final deal-making mode.
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