Less than a week into the trade war with China, President Trump is already thinking about levying more tariffs against goods imported from that nation to the U.S.
The White House said it was considering additional tariffs of 10% on $200 billion worth of Chinese exports. This would be the third round of tariffs on Chinese goods imposed by the Trump administration and comes shortly after a tariff of 25% went into effect against $34 billion of Chinese goods. While the tariffs wouldn’t go into effect for at least two months, they would be much more aggressive in the range of goods they’d apply to. Here’s what makes these different.