United States trade officials on Tuesday published a new list of thousands of products imported from China that will be hit with new tariffs. The Trump administration wants impose an additional 10% import tax on hundreds of Chinese food products as well as tobacco, chemicals, coal, steel and aluminum.
In a move that upset many U.S. businesses, especially agricultural interests and farmers, President Donald Trump said Friday morning that he is going to impose new tariffs on 1,102 Chinese products and the amount of the tariffs would be about $50 billion.
President Donald Trump on Friday morning made good on his promises that he wanted to have a trade war with China. In a statement the president said he was going to impose new tariffs on 1,102 Chinese products and they estimated the amount of the tariffs would be about $50 billion.
On Tuesday President Donald Trump said that he would go ahead with his plan to impose $50 billion in tariffs on imports from China, and also implement new rules concerning limits on the investment by Chinese companies in U.S. high-technology industries. The plan was rolled out by the president as part of his sweeping efforts to crack down on Chinese acquisition of U.S. technology which many people have considered illegal as well as threatening to U.S. security.