Could 'soon' impose tariffs on $200bn in Chinese goods, says Trump

Published September 7, 2018
President Donald Trump walks down the steps of Air Force One at Hector International Airport in Fargo. —AP
President Donald Trump walks down the steps of Air Force One at Hector International Airport in Fargo. —AP

President Donald Trump says he could “very soon” impose tariffs on an additional $200 billion in imports from China.

Trump tells reporters on Air Force One that his plans to slaps taxes of up to 25 percent on Chinese imports would depend on the choices made by that country's leaders.

“To a certain extent it's going to be up to China,” the president says.

The tariffs would potentially hurt US companies that import everything from handbags to bicycle tires. A public comment period on the import taxes ended Thursday. China has said it's ready to impose retaliatory tariffs on $60 billion of US goods.

The US has already imposed tariffs on $50 billion in Chinese imports, and Beijing punched back with an equal amount.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

The risk of escalation

The risk of escalation

The silence of the US and some other Western countries over the raid on the Iranian consulate has only provided impunity to the Zionist state.

Editorial

Saudi FM’s visit
Updated 17 Apr, 2024

Saudi FM’s visit

The government of Shehbaz Sharif will have to manage a delicate balancing act with Pakistan’s traditional Saudi allies and its Iranian neighbours.
Dharna inquiry
17 Apr, 2024

Dharna inquiry

THE Supreme Court-sanctioned inquiry into the infamous Faizabad dharna of 2017 has turned out to be a damp squib. A...
Future energy
17 Apr, 2024

Future energy

PRIME MINISTER Shehbaz Sharif’s recent directive to the energy sector to curtail Pakistan’s staggering $27bn oil...
Tough talks
Updated 16 Apr, 2024

Tough talks

The key to unlocking fresh IMF funds lies in convincing the lender that Pakistan is now ready to undertake real reforms.
Caught unawares
Updated 16 Apr, 2024

Caught unawares

The government must prioritise the upgrading of infrastructure to withstand extreme weather.
Going off track
16 Apr, 2024

Going off track

LIKE many other state-owned enterprises in the country, Pakistan Railways is unable to deliver, while haemorrhaging...