Trump reportedly wants to hit China with tariffs on $200 billion worth of goods, which would be a ma [View all]

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Source: Business Insider

President Donald Trump is ready to take the trade war with China to the next level, according to a new report.

Bloomberg reported Thursday that Trump had told aides that he wants to follow through on a threat to impose tariffs on another $200 billion worth of Chinese goods as early as next week. That would mean more than half of all Chinese imports would be subject to tariffs.

The tariffs could go into effect after the public-comment period ends on September 6.

According to the report, the move is not a done deal and the administration could impose the tariffs in installments to lessen the impact. Economists have warned that substantially ramping up the trade war would increase costs for US businesses and harm American companies.

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Read more: https://www.businessinsider.com/us-china-trade-war-trump-wants-tariff-on-200-billion-of-chinese-goods-2018-8

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Trump reportedly wants to hit China with tariffs on $200 billion worth of goods, which would be a massive escalation of the trade war