Economy/Business Alert: Trump officials consider more than doubling proposed tariffs on Chinese goods, a move that would ramp up the trade war with Beijing

President Trump is considering a plan to impose a 25 percent tariff on $200 billion in Chinese imports, more than double what he had initially proposed, a person briefed on the matter said. The deliberations could be a sign that Trump is looking to intensify pressure in the trade standoff with Beijing even if it could significantly drive up costs on a wide range of products for American consumers. A final decision has not been made, and a number of Trump's threats toward China have been designed more to bring Chinese President Xi Jinping to the negotiating table than to fundamentally change U.S. economic policy, said the person, who spoke on the condition of anonymity to discuss White House deliberations. If Trump follows through with the plan, it could significantly raise prices on televisions, clothing, bedsheets, air conditioners and other consumer products.

Democracy Dies in Darkness     Economy/Business Alert Jul 31, 8:47 PM     Trump officials consider more than doubling proposed tariffs on Chinese goods, a move that would ramp up the trade war with Beijing President Trump is considering a plan to impose a 25 percent tariff on $200 billion in Chinese imports, more than double what he had initially proposed, a person briefed on the matter said. The deliberations could be a sign that Trump is looking to intensify pressure in the trade standoff with Beijing even if it could significantly drive up costs on a wide range of products for American consumers. A final decision has not been made, and a number of Trump's threats toward China have been designed more to bring Chinese President Xi Jinping to the negotiating table than to fundamentally change U.S. economic policy, said the person, who spoke on the condition of anonymity to discuss White House deliberations. If Trump follows through with the plan, it could significantly raise prices on televisions, clothing, bedsheets, air conditioners and other consumer products. Read more » Advertisement You received this email because you signed up for news alerts from The Washington Post. Manage my newsletters and alerts | Unsubscribe Privacy Policy | Help ©2018 The Washington Post, 1301 K St NW, Washington DC 20071