Money - International
US trade agency affirms Trump’s tariff hike on Chinese goods
Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. u00e2u20acu201d Reuters pic

WASHINGTON, Aug 28 — The US Trade Representative’s office today officially reaffirmed President Donald Trump’s plans to add an additional 5 per cent tariff on a US$300 billion list of Chinese imports starting on Sept. 1 and Dec. 15.

USTR said in a Federal Register notice that it would impose a 15 per cent tariffs to a portion of the target goods from Sept. 1, with the remainder, including cell phones and laptop computers, getting a 15 per cent tariff on Dec. 15. The Trump administration had previously set plans to impose a 10 per cent tariff on these imports.

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Trump announced the tariff increase last Friday on Twitter in response to Chinese retaliatory tariffs on US$75 billion worth of US goods, including crude oil. — Reuters

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