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.
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