President Donald Trump said Friday that he’s prepared to impose tariffs on an additional $267 billion in Chinese imports.
Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of US businesses and consumers.
Those potential tariffs would come on top of tariffs Trump has said he’s poised to slap on $200 billion worth of Chinese goods — everything from handbags to bicycle tires. It would also be in addition to tariffs his administration has already imposed on $50 billion in Chinese imports, for which Beijing has retaliated with an equal amount of import taxes on US goods. Read more