Bloomberg cited six people familiar with the matter as saying that U.S. President Donald Trump hopes to introduce a plan to impose tariffs on $200 billion in goods imported from China as soon as possible after the public comment period ends next week.
U.S. companies and the public must submit comments on the U.S. proposed tariffs before September 6. The scope of the U.S. proposed tariffs covers almost all goods from selfie sticks to semiconductor devices.
According to people familiar with the matter, Trump plans to impose additional tariffs on China immediately after the public comment period ends. The people asked not to be identified because the discussions are private. After the news broke, the U.S. stock market plunged in the short term, with chip stocks and industrial stocks falling significantly.
Some people familiar with the matter said that Trump has not yet made a final decision, and the US government may implement these tariff measures in batches.
The U.S. government may announce tariff measures next week, but they will not take effect until later.
On August 30, in response to the issue of “the United States plans to take tougher trade actions against China in the autumn,” China’s Ministry of Commerce spokesperson Gao Feng said at a regular press conference that the United States’ so-called tough and pressure measures China has no role and is not conducive to solving the problem. Unilateralism and trade protectionism are not in line with the trend of the times.
Gao Feng pointed out that regarding the future of Sino-US economic and trade relations, he hopes that the two sides can respect each other through equal, honest and pragmatic dialogue and jointly safeguard the overall situation of mutually beneficial and win-win bilateral economic and trade cooperation. (Title: Trump plans to impose additional tariffs on $200 billion in Chinese goods as early as next week)
