The $200 billion tariff boots have finally come to fruition!
According to Caixin, the US announced a 10% tariff on 200 billion US dollars of Chinese goods, effective next Monday (September 24), and raised to 25% next year.
Dragged down by news, Daoji dropped about 60 points. The offshore renminbi fell sharply against the US dollar, falling below 6.88.
According to foreign media reports, US officials, who did not wish to be named, said that the extension of the tariff increase to 25% until next year was to allow US companies to make adjustments and find opportunities to replace the supply chain.
Officials said that the latest list cut 300 items from the preliminary target list released in July. The tariff list removed smart watches and Bluetooth devices, as well as bicycle helmets, high chairs, child car seats, baby fences, and certain industrial chemicals.
US President Trump warned earlier that he is preparing to impose tariffs on almost all goods imported from China. In addition to the possibility of taxing goods worth 200 billion US dollars, another 267 billion US dollars of goods will also be taxed.
Attached:Official White House statement
