U.S. President Donald Trump is pushing his trade conflict with China toward a point where neither side can back down.
By Aug. 30, as the U.S. nears mid-term elections vital for Trump’s legislative agenda, the White House will be ready to impose 10 percent tariffs on $200 billion of Chinese-made products, ranging from clothing to television parts to refrigerators. The levies announced July 10—together with some $50 billion already in the works—stand to raise import prices on almost half of everything the U.S. buys from the Asian nation.
