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2019-08-02 11:45:00

U.S., CHINA TRADE: $300 BLN AGAIN

U.S., CHINA TRADE: $300 BLN AGAIN

PLATTS - The US will impose a 10% tariff on the remaining $300 billion worth of Chinese goods September 1, when trade talks between the two countries resume, President Donald Trump said Thursday.

The tariff escalation, while scaled back from Trump's earlier threat of a 25% tariff, could spur a fresh round of retaliatory tariffs by China.

Trump made the comments on Twitter after US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer returned from…

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