President Trump's tariff threat is a go.
After Trump tweeted Sunday that he would up tariffs on China, U.S. Trade Representative Robert Lighthizer confirmed the revelation in a Monday afternoon announcement. The U.S. will raise tariffs from 10 percent to 25 percent on $200 billion in Chinese goods, Lighthizer said, citing an "erosion of commitments by China." Still, trade negotiations with China will continue on Thursday and Friday, Lighthizer said.
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.
-
G20: Viola Davis stars in 'ludicrous' but fun action thrillerThe Week Recommends The award-winning actress plays the 'swashbuckling American president' in this newly released Prime Video film
-
The Masters: Rory McIlroy finally banishes his demonsIn the Spotlight McIlroy's grand slam triumph will go down as 'one of the greatest and most courageous victories in the history of golf'
-
What is your net worth and why is it worth knowing?the explainer Take stock of your assets
-
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
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
