Containers are transferred at the port in Qingdao in China's eastern Shandong province on May 8, 2018. China's surplus with the United States widened in April, underlining an imbalance between the economic titans as they struggle to reach an agreement on averting a potentially damaging trade war. - AFP
WASHINGTON: US President Donald Trump is likely to announce new tariffs on about US$200bil of Chinese imports as early as today, a senior administration official told Reuters on Saturday.
The tariff level will probably be about 10%, the Wall Street Journal reported, quoting a source. This is below the 25% the administration said it was considering for this possible round of tariffs.
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