Trump considers 25 percent tariff on $200B of Chinese goods

Politico --------- The Trump administration on Wednesday escalated fears of a damaging trade war with China by announcing it could hit $200 billion worth of Chinese industrial and consumer goods with a 25 percent tariff, up significantly from the 10 percent duty that it initially proposed."Ten percent was bad, 25 percent is even worse," Christin Fernandez, vice president at the Retail Industry Leaders Association, told POLITICO. "This new tranche hits so many consumer products, many of which have no sourcing alternative other than China. Increasing the size of these tariffs will only hurt American families and the millions of American retail jobs supported by trade." To learn more click on the picture below to read the article.