May 13, 2019

U.S. prepares to slap tariffs on remaining Chinese imports, which could add levies on roughly $300 billion in additional goods

Featuring Ely Ratner

Source: The Washington Post

Journalists Damian Paletta, David J. Lynch, Gerry Shih, Taylor Telford

The United States and China traded blows on Monday in the latest escalation of their tariff war, unnerving Wall Street and threatening to draw American consumers into the fray for the first time.

Both nations, which just days earlier had anticipated sealing a comprehensive commercial deal, instead took steps to raise new trade barriers. In Beijing, the Chinese government announced plans to impose tariffs on $60 billion worth of American products in retaliation for U.S. tariffs that President Trump increased on Friday.

Trump, meanwhile, began the process of expanding U.S. tariffs to cover all $540 billion in Chinese imports — a potentially seismic jolt to the global economy that is expected to raise prices for everyday products such as cell phones, sunglasses, cameras and televisions.

Read the full article and more in The Washington Post.

  • Ely Ratner

    Executive Vice President and Director of Studies

    Ely Ratner is the Executive Vice President and Director of Studies at the Center for a New American Security (CNAS), where he is a member of the executive team and responsible...