The Ministry of Finance of the People’s Republic of China said it would raise tariffs on items originating in the U.S. from 5 percent to 10 percent, and the new duties would be implemented in two batches — the first from Sept. 1 and the second from Dec. 15. The duties — announced and then suspended earlier this year — are in response to the U.S. government’s 10 percent tariff on $300 billion worth of Chinese goods.
Office of Trade and Manufacturing Policy Director Peter Navarro, who provides a strong protectionist voice in U.S. trade talks, denied that the announcement caught the White House off guard and downplayed the impact of the latest volley in the high-stakes trade war.
“This was a move that was well-signaled. It’s breaking news I guess, but it was well anticipated,” Navarro said in an interview.
It was not immediately clear if the tariffs announcement would have any impact on the planned trade talks.