Trump considers hiking proposed tariffs on $200 billion in Chinese goods to 25%
President Trump told his top trade official to consider raising proposed tariffs on Chinese goods to 25 percent from the 10 percent.
“This week, the President has directed that I consider increasing the proposed level of the additional duty from 10 percent to 25 percent. The 25 percent duty would be applied to the proposed list of products previously announced on July 10,” Lighthizer was quoted as said in a statement on CNBC. “The Trump Administration continues to urge China to stop its unfair practices, open its market, and engage in true market competition. We have been very clear about the specific changes China should undertake. Regrettably, instead of changing its harmful behavior, China has illegally retaliated against U.S. workers, farmers, ranchers and businesses.”