Trump administration imposes tariffs on another $200 billion in Chinese goods
The Trump administration on Monday imposed tariffs on an additional $200 billion worth of Chinese imports.
This will affect consumer products like spark plugs, air conditioners, furniture, and lamps. Senior administration officials told The Washington Post that starting Sept. 24, U.S. importers will pay an extra 10 percent tariff on those products, rising to 25 percent at the end of the year.
China has said it will retaliate by slapping import taxes on $60 billion worth of American items; in a statement, Trump said if China does this, the United States will "immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports." Trump's first tariffs hit in July, and now, about half of the $505 billion worth of items Americans buy every year from China face tariffs, the Post says.
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.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
How would we know if World War Three had started?
Today's Big Question Conflicts in Ukraine, Middle East, Africa and Asia-Pacific mean the 'spark' that could ignite all-out war 'already exists'
By Harriet Marsden, The Week UK Published
-
Death Cafe: where people talk mortality over tea and cake
Why everyone's talking about The meet-ups are intended to offer a judgement-free and respectful space to discuss the end of life
By Chas Newkey-Burden, The Week UK Published
-
Mark Menzies: Tories investigate MP after 'bad people' cash claims
Speed Read Fylde MP will sit as an independent while party looks into allegations he misused campaign funds on medical expenses and blackmail pay-out
By Arion McNicoll, The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published