China Awaits More US Tariffs

The US is expected to announce the imposition of another round of tariffs on $200 billion worth of Chinese goods.

US President Donald Trump said on Friday that he was ready to implement another round of tariffs on China.

Thursday marked the end of a comment period in which the US Trade Representative’s Office was accepting public comments on the potential tariff list. However, there were signs that the administration might not make a decision for at least a few more days.

National Economic Council director Larry Kudlow said Friday that the administration would review the 5,914 comments received during the comment period.

During a Bloomberg Television interview, Kudlow said “we’ll make a decision on the volume, on the rate, on the timing [of any tariffs], I don’t want to get ahead of that curve, it’s out there.”

This comes after the US imposed 25% tariffs on $50 billion of Chinese tech products earlier this year. In response, China imposed tariffs on $50 billion of critical goods such as pork, aluminum, steel piping, fruit, and nuts.