Trump Readies Tariffs on $200 Billion More Chinese Goods Despite Talks
< < Go Back
U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion (153.08 billion pounds)of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday.
The timing for activating the additional tariffs was unclear.
The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fuelled drops in the Chinese yuan in offshore trading and gains in the dollar index.
Trump, who had already imposed 25 percent tariffs on $50 billion of Chinese goods, said a week ago that he would be adding tariffs on another $200 billion in goods and had tariffs on another $267 billion in Chinese imports “ready to go on short notice if I want.”
More From The New York Times:
Rss Feed