Well it looks like more tariffs will be going into place as President Donald Trump writes on Twitter he will impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties. He says this is the result of more setbacks in trade negotiations between Washington and Beijing according to this Bloomberg News report.
The new tariff will be imposed beginning Sept. 1, he said in a tweet. That's on top of $250 billion in Chinese goods already subject to a 25% U.S. tariff.