The Trump administration said it’s preparing tariffs on $200 billion worth of Chinese goods.
President Donald Trump warned another round of the same scale would be possible if China retaliates.
Analysts say that would likely hit cellphones, clothing, shoes, toys, and computers.
President Donald Trump announced Tuesday that tariffs on another $200 billion worth of Chinese goods are in the works, earlier warning an additional $200 billion could be targeted if Beijing retaliated on such a move.
Officials vowed they would.
So, what would another round of tariffs of that scale look like?
It would hit most of the $262 billion worth of Chinese products not yet covered on tariff lists, Deutsche Bank economists led by Zhiwei Zhang wrote in a recent note. That includes cellphones, clothing, shoes, toys, and many computers. More than 80% of Chinese computer imports to the US — or about $41.1 billion of $50.5 billion — have not yet been named on the lists.
Trump followed through with tariffs on $34 billion worth of Chinese goods last week, prompting in-kind retaliation from Beijing. His administration has another set with a trade value of $16 billion pending, which could be ready as soon as August.
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Source:: Businessinsider – Politics