Trump to slap 10% tariff on $200 bn of Chinese goods ,Beijing to retaliate

Trump is barreling ahead with his vow to punish China for alleged unfair trading practices, despite an invitation this month from Treasury Secretary Steven Mnuchin to restart trade talks with Beijing

The Trump administration will announce as early as Monday that it’s imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against, according to three people familiar with the decision.
 
The rate is less than half of the 25 percent level the administration had initially been considering. Still, American consumers could start feeling the cost of the tariffs for everyday goods, as the latest move brings all Chinese imports subject to a new tariff to $250 billion, roughly half of China’s shipments to the US last year.

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