Threat of more tariffs on Chinese goods

The Trump administration on Tuesday issued a list of thousands of Chinese imports it is targeting for a new round of tariffs, less than a week after a 25 percent U.S. duty went into effect against $34 billion of Chinese goods.

The new 10 percent tariff targeting $200 billion worth of additional Chinese exports takes aim at a large number of consumer goods, ranging from fish to tires, furniture and clothing. The round of tariffs that took effect on Friday mainly targeted commodities, and China quickly responded with penalties on U.S. goods including pork, beef and soybeans.

The Wall Street Journal, citing unnamed Chinese officials, said Beijing was considering steps including holding up licenses for U.S. companies, delaying approvals of mergers involving U.S. firms and stepping up border inspections of American goods.

Source: MeatingPlace