US President Donald Trump is threatening to slap tariffs on another $200 billion in Chinese imports as trade tensions between the world’s two largest economies reach new heights. Trump said in a White House statement Monday evening that he had instructed the US Trade Representative’s office to identify $200 billion in imports from the Asian nation for additional tariffs of 10 percent. He said the US would impose tariffs on another $200 billion after that if Beijing retaliates.
“The United States will no longer be taken advantage of on trade by China and other countries in the world,” he said. “We will continue using all available tools to create a better and fairer trading system for all Americans.” Trump’s latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the US would be exposed to tariff threats and raises new questions about the impact on American consumers. Last week he threatened 25 percent tariffs on $50 billion in Chinese products with another $100 billion targeted beyond that. Trump said at the time he would impose even more duties if China retaliated, which the Asian nation immediately said it would do.
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