The US will impose USD 50 billion in tariffs on Chinese goods

US President Donald Trump is expected to impose tariffs on Chinese goods valued at approximately USD 50 billion. The tariffs could hit more than 100 different types of goods.

Ritzau Scanpix/Evan Vucci
Photo: Ritzau Scanpix/Evan Vucci

US President Donald Trump will introduce tariffs on Chinese goods for approximately USD 50 billion. The tariffs could impact over 100 different types of goods, reports Bloomberg News citing to a source close to the process.

The US president is considering imposing tariffs on more than 100 types of goods from China. The tariffs will cost around USD 50 billion annually. This corresponds to approximately 13 percent of the US' annual trade deficit with China.

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