President Trump announced Thursday that he is contemplating imposing an additional $100 billion in tariffs against China, piling on to the $50 billion already authorized by the White House.
Trump said the increase is in response to China's decision to raise import duties on U.S. products, including soybeans and pork, by up to 25 percent, which he called an "unfair retaliation" against the U.S. "Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers," Trump said. He has accused China of stealing U.S. intellectual property, and already applied tariffs to Chinese steel and aluminum.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Youth Demand promises a 'revolution'The Explainer New protest group picks up Just Stop Oil's mantle and vows to 'build a movement that is going to take control of the British state'
-
Video games to play this summer, from Mario Kart World to Shinobi: Art of VengeanceThe Week Recommends Nintendo launches the Switch 2 with an exclusive 'Mario Kart' entry, and Sega revisits an arcade classic
-
Sudoku medium: June 12, 2025The Week's daily medium sudoku puzzle
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
