Effect, raising them from 10 to 25 . China threatened back then that they would probably take retaliatory action and they have now, announcing that tariffs will go up somewhere between 20 to 25 on some 60 billion in u. S. Goods. A lot of it will be agricultural items, but if you go through the list there are hundreds of things. From rubber erasers too it looks like tinfoil. The president , confident that he can beat china in a trade war, tweeting this morning, i say openly to president xi and all of my friends in china that china will be hurt very badly if we dont make a deal. Because companies will be forced to leave china for other countries. Too expensive to buy in china. I had a great deal, almost completed, and you backed out. The president has also insisted it will china that will pay the cost of the tariffs, that the u. S. Will benefit from the imposition of tariffs. Speaking to Chris Wallace on sunday, fox news sunday, the chief Economic Advisor larry kudlow said the u. S. Cons