The United States could impose tariffs on roughly half of all Chinese goods entering the country by the end of the week.
President Donald Trump’s proposed tariffs on $200 billion of Chinese goods could go into effect as soon as Friday when a public comment period on the taxes concludes. It’s unclear whether the new tariffs will be set at 10% or 25%.
It could be the most painful round of tariffs the United States has imposed on Chinese products this year. The Trump administration slapped 25% tariffs on $34 billion of Chinese imports in July and another $16 billion last month. China was also on the receiving end of the aluminum and steel tariffs that the United States imposed on imports from much of the world.