Trump poised to tax an additional $200B in Chinese imports

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Containers are transferred at a port in Qingdao in China's eastern Shandong province on July 6, 2018. AFP/Getty Images

WASHINGTON — The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world’s two biggest economies and likely squeezing U.S. companies that import everything from handbags to bicycle tires.

The administration could decide to begin taxing the imports — equal to nearly 40 percent of all the goods China sold the United States last year — after a public comment period ends Thursday.

The administration has already imposed tariffs on $50 billion in Chinese products, and Beijing has punched back with tariffs on $50 billion in American goods. These U.S. goods include soybeans and beef — a direct shot at supporters of President Donald Trump in the U.S. farm belt.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.