(Worthy News) – The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires.
The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on Jan. 1.
President Donald Trump made the announcement Monday in a move that is sure to ratchet up hostilities between Washington and Beijing. Trump has already imposed 25 percent tariffs on $50 billion in Chinese goods. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president’s supporters in the U.S. farm belt. [ Source: Washington Times (Read More…) ]
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