President Trump moved Thursday to impose import tariffs on $300 billion worth of Chinese goods starting Sept. 1, effectively taxing every product that Americans buy from China and prompting American businesses to warn of a rising economic toll at home.
The president said the tariffs — on products such as cellphones, televisions, toilet seats and pillows — would initially be set at 10 percent but could rise to 25 percent or higher.
“Until such time as there is a deal, we’ll be taxing them,” he told reporters before leaving the White House for a political rally in Ohio.