Trump Raises Tariffs On $200 Billion Worth Of Imported Goods From China From 10% To 25%
On September 24, 2018, 10% tariffs were levied on $200 billion in Chinese products being imported to the United States. The Trump Administration also imposed 25% tariffs on an additional $50 billion worth of Chinese products (around 1,300 different products) in April of 2018.
On Friday May 10, 2019, the Trump Administration raised the 10% tariffs to 25%.
The trade war quickly escalated, with the Chinese government announcing plans for tariffs on $60 billion of U.S. imports in retaliation. “Trump, meanwhile, began the process of expanding U.S. tariffs to cover all $540 billion in Chinese imports.”