The U.S. had already placed tariffs on $250 billion of Chinese goods. With this latest action, the Trump administration is imposing an import tax on virtually all remaining goods not previously caught up in the trade dispute.
President Donald Trump escalated his trade war with China on Thursday, announcing that the U.S. will impose tariffs on an additional $300 billion in Chinese imports beginning on September 1, breaking a pledge he made in June not to do so while trade talks continued.
“The U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%,” Trump said in a surprise announcement on Twitter. The president has long threatened to impose additional tariffs of China in his year-long trade battle with China but had backed off the threat following his face-to-face meeting with Chinese President Xi Jinping on the sidelines of the G-20 Summit in Japan in June.
But with Thursday’s surprise announcement, the president is breaking with that pledge even as he expressed hope that talks would continue.
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