Trump Threatens Tariffs On $200 Billion Of Chinese Goods
June 18, 20189:46 PM ET
President Donald Trump pumps his fist as he leaves a meeting Monday in the East Room of the White House in Washington.
In the latest move in an escalating trade dispute, President Trump announced Monday evening that he was asking U.S. Trade Representative Robert Lighthizer to suggest $200 billion worth of Chinese goods on which the U.S. could impose a 10 percent tariff.
The move comes just three days after the president enacted an initial $50 billion in imports that would be taxed an additional 25 percent, which he said was punishment for the theft of intellectual property from U.S. companies, as well as the trade gap between the two countries.
Later on Friday, China announced its own tariffs on American goods, including a wide range of seafood and agricultural products, many cars and trucks, petrochemicals and an array of medical equipment.