Trump Hits China With Tariffs On $50 Billion Of Goods; China Says It Will Retaliate

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June 16th, 2018

“The United States will pursue additional tariffs” if China retaliates, President Trump said in a White House statement. After announcing the new import taxes, Trump spoke to reporters on the North Lawn of the White House on Friday

Evan Vucci / AP

Updated at 3:57 a.m. ET Saturday

President Trump is enacting a 25 percent tariff on $50 billion of Chinese goods “that contain industrially significant technologies,” after months of exchanging threats amid concerns over a potential trade war.

U.S. Customs and Border Protection will begin to collect tariffs on the first $34 billion worth of Chinese imports on July 6. A second set of imports subject to tariffs is still under review.

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