– The US is considering 25% tariffs on $200bn (£152bn) of Chinese goods, much higher than the 10% it previously indicated it might impose, reports say.
AKIPRESS. COM – The US is considering 25% tariffs on $200bn (£152bn) of Chinese goods, much higher than the 10% it previously indicated it might impose, reports say.
The plan could be announced as early as Wednesday but the higher figure has not been finalised, sources told US media. It would risk further escalating tensions between the US and China which are already mired in a trade war, BBC reported.
The US in July published a list of $200bn worth of additional products to be taxed as early as September. The list named more than 6,000 items including chemicals, textiles, minerals and consumer goods ranging from baseball gloves to frozen fish fillets.
The US opened fire in a trade war with 25% tariffs on $34bn of Chinese goods, and China retaliated in kind.
