Trump Administration May Increase Chinese Tariffs to 25 Percent The initial ten percent tariff proposed on $200 billion of Chinese goods was dismissed on Monday by the President as weak. The White House announced
on Wednesday that it was
considering the tariff increase. A final decision on the tariff isn't expected until September. Trade talks between the U.S. and China have stalled in recent days, Industry analysts also say the increase may be a compensation for the recent decline of the Chinese yuan. A weaker Chinese currency means Chinese goods are more competitive. But it's widely assumed the proposed tariff increase is risky for both the U.S. and global economy. Fred Bergsten, Institute for International Econ., via 'WSJ'
