Trump Hits China With Tariffs On $50 Billion Of Goods; China Says It Will Retaliate
After months of threats, U.S. customs will begin to collect the new tariffs on Chinese imports on July 6. The president says he is targeting China's technology sector.
President Trump is enacting a 25 percent tariff on $50 billion of Chinese goods "that contain industrially significant technologies," after months of exchanging threats amid concerns over a potential trade war.
U.S. Customs and Border Protection will begin to collect tariffs on the first $34 billion worth of Chinese imports on July 6. A second set of imports subject to tariffs is still under review.
The White House had set a June 15 deadline for announcing the full list of items that will see a tariff imposed, focusing on areas such as, the list includes some 1,100 products.
