Mnuchin Says More US Tariffs on China at Least a Month Away

Mnuchin Says More US Tariffs on China at Least a Month Away
Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System" in Washington, U.S. on May 22, 2019. Mary F. Calvert/Reuters
Reuters
Updated:

WASHINGTON/BEIJING—The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on May 22.

Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25 percent from 10 percent, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world’s two largest economies stalled.