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US to slap 25% tariffs on another USD16 bn in Chinese goods from Aug 23: USTR

 President Donald Trump's administration announced today that 25 per cent tariffs would be in place on USD 50 billion in Chinese goods starting August 23.


PTI Last Updated at 08 Aug 2018, 02:08 IST United States
US to slap 25% tariffs on another USD16 bn in Chinese goods from Aug 23: USTR

President Donald Trump's administration announced today that 25 per cent tariffs would be in place on USD 50 billion in Chinese goods starting August 23.

Washington had already imposed tariffs on USD 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from US companies.

The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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