US President Donald Trump plans to propose a 25-percent tariff on $200 billion of imported Chinese goods, after initially setting them at 10 percent, amid an escalating trade war between Washington and Beijing.
A source familiar with the plan said on Tuesday that the Trump administration seeks to pressure Beijing into making trade concessions.
The list includes food products, chemicals, steel and aluminum, as well as a wide range of other consumer goods.
Erin Ennis, senior vice president of the US China Business Council, said a 10-percent tariff on these products is already causing significant problems, and more than doubling that would be even much worse.
“Given the scope of the products covered, about half of all imports from China are facing tariffs, including consumer goods,” Ennis said. “The cost increases will be passed on to customers, so it will affect most Americans pocketbooks.”
Although the tariffs would not be imposed…