UPDATED 6:14 PM PT – Mon. Sept. 17, 2018
The White House says it has made it very clear what the U.S. expects from China regarding trade, but since the country has not complied the president slapped Beijing with more tariffs.
In a statement Monday, $200 billion in additional tariffs were announced and will go into effect September 24.
The tariffs will be 10 percent until the end of the year then go to 25 percent to allow businesses to adjust.
Its the latest move by the administration to punish china for not complying with fair trade practices.
The president says he’s under no pressure to make a deal with China, but rather China is under pressure to make a deal with the U.S.
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