Jun 18, 2018

Trump threatens additional tariffs on $200b worth of Chinese goods

President Trump speaks to business leaders in Beijing, China. Photo: Thomas Peter-Pool/Getty Images

President Trump announced in a statement Monday night that, in addition to the administration's recently-announced tariffs on $50 billion worth of imports from China, he has also directed the United States Trade Representative "to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent."

Why it matters: Trump initially warned China against retaliating to his administration's latest round of sanctions, but China ignored it and imposed their own tariffs of equal measure. This latest threat is Trump's second warning, in which he clearly states: "these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced."

The bottom line: The back-and-forth tariff fight between the U.S. and China is increasingly looking like a trade war.

Key lines from Trump's statement:

  • "China has determined that it will raise tariffs on $50 billion worth of United States exports.  China apparently has no intention of changing its unfair practices."
  • "This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods.  This is unacceptable."
  • "[T]oday, I directed the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.  After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced."
  • "If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods.  The trade relationship between the United States and China must be much more equitable."

Go deeper

Coronavirus updates: Global death toll tops 32,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus has now killed more than 32,000 people around the world — with Italy alone reporting over 10,000 deaths, per data from Johns Hopkins.

The big picture: The number of deaths from COVID-19 in the U.S. surpassed 2,000 on Saturday. The United States leads the world in confirmed coronavirus infections, with more than 125,000 by noon on Sunday. The number of those recovered from the virus in the U.S. surpassed on Saturday evening.

Go deeperArrowUpdated 3 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 685,623 — Total deaths: 32,137 — Total recoveries: 145,706.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 12 p.m. ET: 125,313 — Total deaths: 2,197 — Total recoveries: 2,612.
  3. Federal government latest: Trump announces new travel advisories for New York, New Jersey and Connecticut, but rules out quarantine enforcement.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week.
  6. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Fixing America's broken coronavirus supply chain

Polowczyk speaks at a coronavirus at the White House March 23. Photo: Brendan Smialowski/AFP via Getty Images

The senior Navy officer now in charge of fixing America's coronavirus supply chain is trying to fill the most urgent needs: ventilators and personal protective gear. But barely a week into his role at the Federal Emergency Management Agency, he's still trying to establish what's in the pipeline and where it is.

Driving the news: "Today, I, as leader of FEMA's supply chain task force, am blind to where all the product is," Rear Admiral John Polowczyk tells Axios.

Go deeperArrow17 mins ago - Health