Trump administration remains open to negotiations with China, but no details on talks available -official: Rtrs
Tariff rate on $200 bln list will start at 10 pct, go up to 25 pct at end of year -official
Trump says in statement if China retaliates he will immediately pursue tariffs on $267 billion in Chinese imports
Trump will slap 10% tariffs on $200 billion in Chinese goods — and they will go to 25% at year end
President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year.
The action, announced by the Trump administration Monday, escalates a trade conflict between the world’s two largest economies. China has already threatened to retaliate against new duties.
The White House removed about 300 goods from a previously proposed list of affected products, including smart watches, some chemicals, and other products such as bicycle helmets and high chairs.