President Trump is expected to levy a new round of tariffs on Chinese imports as soon as Monday, this time targeting $200 billion in goods with a tax around 10 percent.
That rate is lower than the 25 percent proposed last month, and sources told The Wall Street Journal it is intended to have a less onerous impact on Americans' holiday shopping. However, the rate reportedly could increase if Trump is unsatisfied with Beijing's response — and as Beijing has already pledged retaliation to Trump's next trade war volley, a rate hike is plausible.
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