U.S. prepares to slap tariffs on remaining Chinese imports, which could add levies on roughly $300b
Last edited Mon May 13, 2019, 06:39 PM - Edit history (1)
Source: Washington Post
The United States and China traded blows on Monday in the latest escalation of their tariff war, unnerving Wall Street and threatening to draw American consumers into the fray for the first time.Both nations, which just days earlier had anticipated sealing a comprehensive commercial deal, instead took steps to raise new trade barriers. In Beijing, the Chinese government announced plans to impose tariffs on $60 billion worth of American products in retaliation for U.S. tariffs that President Trump increased on Friday.
Trump, meanwhile, began the process of expanding U.S. tariffs to cover all $540 billion in Chinese imports — a potentially seismic jolt to the global economy that is expected to raise prices for everyday products such as cell phones, sunglasses, cameras and televisions. “There will be price hikes at Target, Costco, Home Depot and Walmart,” said Nelson Dong, a partner with Dorsey & Whitney in Seattle. “The importers are going to pass on some or all of the tariff to the consumer and that will become much more readily apparent and harder to mask.”
With hopes fading for an early resolution of the year-long U.S.-China trade dispute, the president said he would meet Chinese President Xi Jinping at the G20 leaders summit in Osaka, Japan, on June 28-29. Treasury Secretary Steven Mnuchin told CNBC that the two sides remained in “ongoing” negotiations. “I love the position we’re in,” the president told reporters.
Investors were less impressed, sending the stock market to its worst one-day performance in months. The Dow Jones industrial average, which was down 719 points at its low, ended the day down more than 617 points or 2.4 percent to close at 25,324.99. All 30 Dow stocks lost ground.
Read more: https://www.washingtonpost.com/business/2019/05/13/trump-warns-china-not-retaliate-tariffs-insists-they-wont-hurt-us-consumers/?utm_term=.fe980a812283
Full title: U.S. prepares to slap tariffs on remaining Chinese imports, which could add levies on roughly $300 billion in additional goods
Looks like this is going to be more than the originally-announced $200 billion.
Original article -
In a major escalation of the U.S.-China trade fight, the Office of the U.S. Trade Representative has taken the first steps toward imposing import taxes on roughly $300 billion of Chinese goods entering the United States.
If approved, American consumers would probably see higher prices on everyday products including cellphones and televisions.
This is a developing story. It will be updated.
https://www.washingtonpost.com/business/2019/05/13/trump-warns-china-not-retaliate-tariffs-insists-they-wont-hurt-us-consumers/?utm_term=.1dad63dc0e79
= new reply since forum marked as read
The article seems to imply "everything else" (i.e., the "remaining" ).
Of course the devil will always be in the details. 
