US planning tariffs on remaining $257 billion in Chinese goods: report

The new tariffs, if enacted, would be the final step in the Trump administration’s efforts to force Chinese leadership to the negotiation table through pressure on Chinese goods.

Asked for clarification on the new tariffs, Press Secretary Sarah Sanders said in a conference Monday afternoon that she’s “not going to get ahead of the president’s meeting and I hope it goes well.” The United States Trade Representative’s office referred CNBC to Sanders’ response when asked for comment.

Sources familiar with the administration’s plans later told CNBC’s Eamon Javers that there are no new developments to the U.S.-China trade relationship.

The White House levied tariffs of 10 percent on $200 billion of Chinese products in September, with the rate set to increase to 25 percent by the end of the year barring a breakthrough in the trade talks. In response, Beijing said it would impose taxes on 5,207 U.S. imports worth about $60 billion.

The two nations had already imposed tariffs on $50 billion of each other’s goods before the September sanctions. While China is targeting U.S. goods including coal, grease, Vaseline, asphalt and plastic products, the U.S. is taxing items such as appliances and furniture.

Click here for the full Bloomberg article.

CNBC’s
Kevin Breuninger
contributed reporting.

WATCH: Headline risk on tariffs mostly behind us, except for China

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