The Trump Administration will impose 25 percent tariffs on $16 billion worth of Chinese imports starting Aug. 23, the United States Trade Representative announced Tuesday.
USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices https://t.co/0ZigS2Ojez pic.twitter.com/1VPWWMYd4P
— USTR (@USTradeRep) August 7, 2018
The tariffs will affect goods such as electronic parts, plastics, chemicals, batteries, and railway cars. The new round of tariffs completes Trump’s threat to impose $50 billion of import taxes on Chinese goods.
This is the second round of this kind of tariffs the first was a $34 billion-worth that went into effect on July 6.
China has already tried to slap back at the U.S. with its own tariffs on American goods, Strategically trying to hit areas with a large population if farmers and working class but it has done NOTHING to change the minds of the President’s supporters or the President himself.
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It’s about time. Go TrumpGo.
WWG1WGA.