Trump sees 25% tax on $267B in Chinese goods

NEW YORK (AP) – President Donald Trump says he’s prepared to impose a 25 percent tax on an additional $267 billion in Chinese imports.

He tells reporters at the White House that the new tariffs would be a response to Beijing’s announcement that it’s retaliating against the Trump administration’s imposition of a 10 percent tax on $200 billion of Chinese imports, to begin Monday. That tax will jump to 25 percent in 2019, Trump said.

The president has previously floated the $267 billion figure, but Tuesday was the first time he’s specified that the tax rate on those goods would be 25 percent.

If Trump ultimately enforces another round of tariffs against China, practically every Chinese good imported to the United States would be hit by higher tariffs.

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