The U.S. trade war with China just got kicked up another notch.
The White House on Wednesday proposed a 25 percent tariff on $200 billion worth of Chinese goods, more than double the 10 percent tax rate originally planned.
U.S. trade representatives are trying to re-engage China in trade talks to de-escalate tensions between the two countries. Advisers reportedly told President Trump that China's authorities would be more likely to yield if higher tax rates were imposed.
Last month, the administration imposed a 25 percent tariff on $34 billion worth of Chinese goods, mostly machines and components. When Beijing immediately retaliated, Trump proposed additional taxes on $200 billion in importsーthis time affecting more consumer goods like furniture and computers.
Raising the proposed tax rate on those goods means extending the deadline for public comment on the plan from August 30 to September 5.
With less than two months until the end of the year, the Biden administration is running out of time to win the reauthorization of a spy program it says is vital to preventing terrorism, catching spies and disrupting cyberattacks.
Hunter Biden asked a judge on Wednesday to approve subpoenas for documents from Donald Trump and former Justice Department officials related to whether political pressure wrongly influenced the criminal case against him.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Presidents Joe Biden and Xi Jinping are heading into their big meeting at a country estate in California on Wednesday hoping to stabilize U.S.-China relations after a period of tumult.
