Trump and China Formalize Tariffs on $260 Billion of Imports and Look Ahead to Next Phase

09/20/2018

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Chad P. Bown, Euijin Jung and Zhiyao (Lucy) Lu | Peterson Institute for International Economics

President Donald Trump announced on September 17 that he plans to slap tariffs on another $200 billion of imports from China starting September 24. China stated it would retaliate, which will undoubtedly provoke Trump to threaten yet another round. He has made clear his intention to impose duties on all US imports from China very soon. Trump’s latest tariffs come in addition to those he has already imposed on over $100 billion of imports, including on steel, aluminum, solar panels, washing machines, and the initial barrage of $50 billion of products from China. On September 18, the Chinese government announced the details of how it would retaliate against an additional $60 billion of US exports…

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