US to impose tariffs on Chinese goods worth 200 billion USD

President Donald Trump administration is preparing another round of tariffs on Chinese goods worth 200 billion USD, according a US government source on Wednesday.

The move comes after the two countries enacted tariffs on each other Friday. US Trade Representative Robert Lighthizer said the US will impose tariffs of 10 percent on the additional Chinese imports. A US official said it will take two months to finalize the list of goods subject to new tariffs.

In another development, China's Commerce Ministry said Tuesday it is raising anti-dumping tariff rates for some optical fiber products originating in the US, effective Wednesday. The new anti-dumping tariff ranges from 33.3 to 78.2 percent, compared with the 4.7 to 18.6 percent range set in 2011.

Source: VOV5

US to impose tariffs on Chinese goods worth 200 billion USD

President Donald Trump administration is preparing another round of tariffs on Chinese goods worth 200 billion USD, according a US government source on Wednesday.

The move comes after the two countries enacted tariffs on each other Friday. US Trade Representative Robert Lighthizer said the US will impose tariffs of 10 percent on the additional Chinese imports. A US official said it will take two months to finalize the list of goods subject to new tariffs.

In another development, China's Commerce Ministry said Tuesday it is raising anti-dumping tariff rates for some optical fiber products originating in the US, effective Wednesday. The new anti-dumping tariff ranges from 33.3 to 78.2 percent, compared with the 4.7 to 18.6 percent range set in 2011.

Source: VOV5