President Trump is expected to announce that the United States is moving ahead with tariffs on $200 billion worth of Chinese goods, saying on Monday that a trade announcement would be coming after the close of American financial markets. The new round of tariffs would be on top of those already imposed on $50 billion worth of Chinese products earlier this year, meaning nearly half of all Chinese imports into the United States will soon be taxed. The move is aimed at pressuring China to change trade practices that Mr. Trump says are hurting American businesses. But, unlike the first round of tariffs, which were aimed largely at industrial products, these could ultimately hurt American customers and companies by raising prices on electronics, food, tools and housewares, just ahead of the holiday shopping season. “It will be a lot of money coming into the coffers of the United States of America. A lot of money coming in, but you’ll be seeing what we’re doing right after close of business today,” Mr. Trump said during remarks at the White House on Monday. He added that the United States cannot tolerate the trade gap between what it exports to China and what it imports from that country. “We can’t do that anymore,” he said. Mr. Trump’s decision is a significant escalation of an already serious trade dispute between the United States and China — one with seemingly no end in sight. After months of failed trade
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