The White House is prepared to announce on Monday or Tuesday that the U.S. will levy new tariffs on $200 billion of Chinese goods, according to the Wall Street Journal. The upcoming tariffs is expected to be set on internet technology products and other electronics, printed circuit boards, and consumer goods including Chinese seafood, furniture, and lighting products, tires, chemicals, plastics, bicycles, and car seats for babies. It was unclear if the administration will exempt any of the products that were on the list, which was announced in July. Prior tariffs set by the two countries have totaled more than $50 billion in reciprocal measures, as China has retaliated against U.S.
Hundreds of billions more in tariffs have been proposed by Trump, but those measures have been delayed while officials determine a final list of products.
Last week, Trump threatened the third round of tariffs on another $267 billion of Chinese imports, covering more than total Chinese exports to the U.S. China has threatened retaliation, which could include action against U.S. companies operating there.
Past American tariffs have targeted manufactured Chinese goods including electronics and medical devices, while Chinese tariffs have targeted exports from Republican-held states such as various grains and pork.
Consumer goods may be most affected by the new tariffs. As reported in FORTUNE, the United States imported $1 billion worth of sunglasses, goggles and other eye wear last year from China. This made it the top supplier, according to data from the U.S. International Trade Commission. Chinese-made Prive Revaux sunglasses now sold online at Wallmart and priced at $29.95
China is the top source for scarves and shawls. It is the second-biggest supplier of hearing aids, according to U.S. data. Apple announced that the new tariffs might mean higher prices on Apple Watches and AirPod headphones. Speakers and earphones and more Apple products from iPhones to iPads could see higher price tags from the spiked tariffs. The company is dependent on Foxconn Technology Group and other suppliers with operations in China for iPhones and other products.
