Trump has decided to impose tariffs on $200 billion in Chinese goods in dramatic escalation of trade
Source: The Washington Post
By Damian Paletta
September 15 at 4:44 PM
President Trump has decided to impose tariffs on $200 billion in Chinese goods, two people briefed on the decision said, one of the most severe economic restrictions ever imposed by a U.S. president. An announcement is expected to come within days, the people said, speaking on the condition of anonymity because they weren’t authorized to discuss internal plans.
The new tariffs would apply to more than 1,000 products, including smartphones, televisions and toys. These penalties could drive up the cost of a range of products ahead of the holiday shopping season, though it’s unclear how much.
Trump has ordered aides to set the tariffs at 10 percent, likely leading to higher prices for American consumers. These tariffs are paid by U.S. companies that import the products, though they often pass the costs along to U.S. consumers in the form of higher prices.
The U.S. imports roughly $500 billion in Chinese goods each year, and — combined with existing tariffs — these new penalties would cover half of all goods sent to the U.S. from China each year
Read more: https://www.washingtonpost.com/business/2018/09/15/trump-plans-tariffs-billion-chinese-goods-dramatic-escalation-trade-battle/
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and slyly apply it to his record deficit (due to his tax cuts for the wealthy) as a way of hoodwinking people into thinking the country can afford further tax cuts for the wealthy? 
I never found out what happened to those tariffs, which are nothing less than a tax on consumer goods (a double whammy on the average American).
I certainly wouldn't put it past him and Congressional Republicans. Another BIG LIE to fleece the American people.
