The Trump administration will levy new 10% tariffs on roughly $200 billion worth of Chinese imports, and the duty will increase to 25% by the end of the year, the president announced Monday.
Why it matters: The tariffs, which will go into effect on September 24, are the latest blow in an escalating trade conflict between the world's two largest economies. They also come as White House officials try to broker negotiations to end the trade war with Beijing.
What to watch: Retaliation from China and backlash from companies on U.S. soil. In anticipation of this announcement, executives have spoken out against the potential impact these tariffs could have on businesses and consumers. Expect more rallying cries from CEOs and trade groups now that the new tariffs are official....