Trump Says US Will Hit $300 billion Worth of Chinese Goods With 10% Tariff
President Donald Trump announced Thursday the US will apply a new tariff of 10% on about $300 billion worth of products from China beginning Sept. 1, escalating the two countries' festering trade dispute.
Trump tweeted amid slow-moving talks with China that negotiations will continue. But he blamed China for not following through on stopping the sale of fentanyl to the United States or purchasing large quantities of farm goods such as soybeans.
The US has already applied tariffs of 25% on $250 billion worth of goods from China. China retaliated with tariffs on $110 billion in American goods, including agricultural products, in a direct shot at Trump supporters in the US farm belt.
Trump's threats come after a US delegation returned to Washington from what the White House described as "constructive" trade talks. The negotiations were expected to resume in Washington in September, though exact dates were not announced.
Trump issued the tariff threat in a series of tweets.
The world's two biggest economies are locked in a trade war over US allegations that Beijing uses predatory tactics — including stealing trade secrets and forcing foreign companies to hand over technology — in a drive to overtake American technological dominance.
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