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Trump to Impose Additional 10% Tariffs on iPhones, Toys, and More

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With the U.S. and China restarting trade talks in Shanghai this week, President Donald Trump has today made a surprise announcement on Twitter that he will impose an additional 10% tariff on $300 billion of Chinese-made products on September 1, including iPhones, Toys, and more, CNN is reporting.

Trump

According to a White House official, the tweet comes in the wake of a meeting this week at which the president got a report from Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer on their recent meetings in Shanghai.

“We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!,” Trump said on Twitter.

The trade war between the U.S. and China has been going on for over a year and a half. Trump hiked tariffs to 25% from 10% on $200 billion in Chinese goods back in May, following which China said a trade deal will not be reached unless the existing duties were stripped.

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