Trump announces 25 percent tariff on Chinese goods, threatens more if Beijing retaliates

President Trump has officially announced 25 percent tariffs on $50 billion in Chinese goods that “contain industrially significant technologies” and promised additional tariffs if Beijing retaliated. The U.S. will begin to collect the additional duties on July 6, according to the Office of the U.S. Trade Representative. USTR announced two sets of U.S tariff lines on Friday following its Section 301 investigation of Chinese intellectual property and technology transfer policies. “The first set contains 818 lines of the original 1,333...