Trump Threatens to Impose Steeper Tariffs on Chinese Goods

HeadlineAug 02, 2019

President Trump on Thursday ratcheted up the U.S. trade war with China, saying he’ll impose a further 10% tariff next month on $300 billion worth of Chinese goods — including clothing and iPhones. The U.S. has already slapped a 25% levy on $250 billion of Chinese goods, prompting reciprocal tariffs on U.S. products. Economists have refuted Trump’s claims that China will bear the economic brunt of increased tariffs, saying U.S. consumers will in fact suffer the most.

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