Trump expected to impose new tariffs on $200 billion in Chinese goods Monday
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.
This set of tariffs would take effect in November. Beyond that, Trump has also threatened an additional set of taxes on $267 billion in Chinese goods, including mobile phones. If he moves forward with both new rounds of tariffs, Trump will have levied new taxes ranging from 5 to 25 percent on everything America imports from China. Nevertheless, U.S. imports from China increased over the summer.
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Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
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