WEB DESK
US PRESIDENT Donald Trump today announced new retaliatory tariffs against China, bumping up taxes by 5 percentage points.
Trump says $250 billion of Chinese goods now under 25% tariff will be subject to 30% tariff starting on Oct. 1
Trump also says goods and products currently being taxed at 25% will be taxed at 30% starting Oct. 1.
Trump’s comments come after China said it would pursue new tariffs of 5% and 10% on $75 billion of U.S. products.
The tariffs would take place in two steps, just as the U.S. said it would do earlier this month in imposing 10% tariffs on $300 billion of Chinese goods