The tariffs will go into effect in about two weeks
Eamonn had the story up earlier here. The tariffs will hit 279 product lines, down from the 284 on the initial list. But it doesn't just end here.
The USTR is reviewing 10% tariffs on an additional $200 billion Chinese goods - which may even be raised to 25% - and those could kick in soon enough after the public hearing period ends on 6 September.
China has vowed to retaliate in kind and the headlines here is what is dampening sentiment in Chinese equities on the day. The PBOC did not weaken the yuan at the fix today but the drop in mainland Chinese stocks has also seen the yuan pare gains against the dollar on the session.
