Trump imposes tariffs on about $200B of Chinese imports

Written by priyadarshinee

Published on : September 17, 2018 9:29

Trump imposes tariffs on $200B more of Chinese goods
Trump imposes tariffs on $200B more of Chinese goods

U.S. President Donald Trump will impose 10 per cent tariffs on about $200 billion worth of Chinese imports, but he spared smartwatches from Apple and Fitbit Inc. and other consumer products such as bicycle helmets and baby car seats.

In a statement on Monday, Trump, announcing the new round of tariffs, warned that if China takes retaliatory action against U.S. farmers or industries, “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.”

The iPhone was not among the “wide range” of products that Apple told regulators would be hit by the $200 billion round of tariffs in a Sept. 5 comment letter to trade officials.

Furthermore, if the Trump administration enacts a further $267 billion round of tariffs, the iPhone, along with all other smartphones are likely to be included in the list.”

Collection of tariffs on the long-anticipated list will start Sept. 24 but the rate will increase to 25 per cent by the end of 2018, allowing U.S. companies some time to adjust their supply chains to alternate countries, a senior administration official said.

Till now, the United States has imposed tariffs on $50 billion worth of Chinese products to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies.

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