US To Impose Tariffs On $200 Bn In Chinese Goods: Reports

Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China.

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US To Impose Tariffs On $200 Bn In Chinese Goods: Reports - Surge Zirc
US President Donald Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China/Photo credit: afp

US President Donald Trump has decided to impose tariffs on $200 billion in Chinese goods and could make the announcement in the coming days, US media reported.

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Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.

Tariffs on Chinese Goods

Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in Chinese Goods.

The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.

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On Thursday, China had welcomed a US offer to hold fresh trade talks, providing some hope the world’s top two economies could step back from the brink of an all-out trade war.

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