Trump directs new tariffs on 200 bln U.S. dollars' worth of Chinese goods

U.S. President Donald Trump on Monday directed his Trade Representative to identify 200 billion U.S. dollars' worth of Chinese goods for additional tariffs at a rate of 10 percent, according to a statement released by the White House.

The Chinese Ministry of Commerce earlier said China is firmly opposed to the U.S. government's latest release of a revised tariff list that targets Chinese imports, and will impose countermeasures on U.S. products with equal force and scale.