U.S. announces initial 10 percent tariffs on $200B in Chinese goods; 25 percent to follow

President Trump on Monday directed the Office of the U.S. Trade Representative to impose 10 percent tariffs on $200 billion worth of Chinese imports, with plans to boost them to 25 percent in 2019, according to senior administration officials. He also said the U.S. would impose tariffs on another $267 billion in Chinese goods if Beijing retaliates for the $200 billion round of tariffs, the second for the U.S. “China has had many opportunities to fully address our concerns,” the...