By David Stanton, Wenqing Zhao | Lawfare Online |
President Trump announced on Monday that his administration will begin imposing new tariffs against $200 billion in Chinese imports next week. Starting on Sept. 24, the government will subject those imports to 10 percent tariffs; that tariff rate will jump to 25 percent on Jan. 1.
Trump also announced that, should the Chinese government take “retaliatory action,” he would immediately move to initiate a final wave of tariffs against an additional $267 billion in Chinese imports. That “third phase” of tariffs, combined with the $200 billion and $50 billion tariffs that the United States has already imposed on China, would extend President Trump’s tariffs to cover all Chinese imports to the United States.