The United States began collecting higher, 25 per cent tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world's two largest economies and drawing retaliation from Beijing.

[WASHINGTON] The United States began collecting higher, 25 per cent tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world's two largest economies and drawing retaliation from Beijing.

US President Donald Trump imposed the tariff increase on a US$200 billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10 per cent duty rate.

The US Trade Representative's office in a May 15 Federal Register notice set a June 1 deadline for those goods to arrive in the United States, after which US Customs and Border protection would begin collecting the 25 per cent duty rate at US ports.

The deadline expired at 12.01am EDT (12.01pm Singapore time) on Saturday.

The tariff increase affects a broad range of consumer goods, and intermediate components from China including internet modems and routers, printed circuit boards, furniture, vacuum cleaners and lighting products.

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a US$60 billion target list of US goods. The tariffs, announced on May 13 and taking effect as of midnight in Beijing, apply additional 20 per cent or 25 per cent tariffs on more than half of the 5,140 US products targeted.

Beijing had previously imposed additional rates of 5 per cent or 10 per cent on the targeted goods.

No further trade talks between top Chinese and US negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day when Mr Trump announced higher tariffs on US$200 billion of Chinese goods and then took steps to levy duties on all remaining Chinese imports.

China ordered the latest tariff increases in response to Mr Trump's move.

Mr Trump has accused China of breaking a deal to settle their trade dispute by reneging on earlier commitments made during months of negotiations. China has denied the allegations.

Beijing has grown more strident in recent weeks, accusing Washington of lacking sincerity and vowing that it will not cave to the Trump administration's demands.

Its rhetoric has hardened particularly since Washington put Chinese company Huawei Technologies Co on a blacklist that effectively bans the firm from doing business with US companies. </s> WASHINGTON (Reuters) - The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing.

Containers are seen at a port in Huaian, Jiangsu province, China May 5, 2019. Picture taken May 5, 2019. REUTERS/Stringer

U.S. President Donald Trump imposed the tariff increase on a$200 billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10% duty rate.

The U.S. Trade Representative’s office in a May 15 Federal Register notice set a June 1 deadline for those goods to arrive in the United States, after which U.S. Customs and Border protection would begin collecting the 25% duty rate at U.S. ports. The deadline expired at 12:01 a.m. EDT on Saturday

The tariff increase affects a broad range of consumer goods, and intermediate components from China including internet modems and routers, printed circuit boards, furniture, vacuum cleaners and lighting products.

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a $60 billion target list of U.S. goods. The tariffs, announced on May 13 and taking effect as of midnight in Beijing (1600 GMT), apply additional 20% or 25% tariffs on more than half of the 5,140 U.S. products targeted. Beijing had previously imposed additional rates of 5% or 10% on the targeted goods.

No further trade talks between top Chinese and U.S. negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day when Trump announced higher tariffs on $200 billion of Chinese goods and then took steps to levy duties on all remaining Chinese imports.

China ordered the latest tariff increases in response to Trump’s move.

Related Coverage China to issue white paper on trade talks with U.S. on Sunday

Trump has accused China of breaking a deal to settle their trade dispute by reneging on earlier commitments made during months of negotiations. China has denied the allegations.

Beijing has grown more strident in recent weeks, accusing Washington of lacking sincerity and vowing that it will not cave to the Trump administration’s demands.

Its rhetoric has hardened particularly since Washington put Chinese company Huawei Technologies Co Ltd on a blacklist that effectively bans the firm from doing business with U.S. companies. </s> Soldiers wait for a container ship to berth at Qingdao Port on March 8, 2018 in Qingdao, China. VCG | Getty Images

President Donald Trump raised the stakes in his trade conflict with China as the U.S. increased tariffs on $200 billion in Chinese goods on Friday. Despite the escalation in the trade war, the Shanghai Composite rose 3% and the Shenzhen soared 4%. U.S. stock futures were down only slightly Friday after a volatile week stemming from uncertainty in the negotiations. China's Commerce Ministry said immediately after the midnight ET deadline for the tariff hike that it would take countermeasures against the American move. It did not announce what its response would entail but said it "deeply regrets" the turn of events.

It had been hoped that a resolution could be reached by the two sides prior to the deadline for the tariff hike, but no deal materialized. Trade talks between the world's two largest economies are set to continue on Friday. "This evening, (United States Trade Representative Robert Lighthizer) and (Treasury Secretary Steven Mnuchin) met with President Trump to discuss the ongoing trade negotiations with China. The Ambassador and Secretary then had a working dinner with Vice Premier Liu He, and agreed to continue discussions tomorrow morning at USTR," White House deputy press secretary Judd Deere said in a statement Thursday evening. Despite the ongoing talks about a trade agreement, the Trump administration is hiking duties on the products from 10% to 25%. The move risks widening a trade war that has spooked investors and raised fears about global economic damage. Only a week ago, the White House was boosting hopes that the U.S. and China would resolve their trade dispute this week and potentially have a deal to announce. Beijing promised "necessary countermeasures" this week if the U.S. raised tariffs but did not specify the actions it would take to retaliate. Trump first announced the tariff increase Sunday as the White House accused China of reneging on key parts of a developing agreement. On Wednesday night, he claimed Beijing "broke the deal" — a remark that sent Asian and U.S. stocks tumbling Thursday. U.S. equity markets recovered later in the day after Trump said a deal was still possible this week. He added that he received a letter from Chinese President Xi Jinping and could speak to his counterpart on the phone. Still, the engagement between Washington and Beijing this week did not prevent Trump from following through on his threat. Ahead of the tariff increase, the president called duties an "excellent" alternative to a trade deal, saying they brought in "billions" for the U.S. government. U.S. consumers bear the brunt of the tariff costs, not China, as Trump has argued. </s> has ordered his top officials to begin the process to raise tariffs on almost all the imports from China, US Trade said Friday.

This amounts to about USD300 billion. This is in addition to the Chinese imports worth USD200 billion on which Trump increased the import duty from 10 percent to 25 percent, beginning Friday.

"Earlier today, at the direction of the President, the increased the level of tariffs from 10 percent to 25 percent on approximately $200 billion worth of Chinese imports," Lighthizer said.

"The also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately USD300 billion," he said.

The process for public notice and comment will be published shortly in the Federal Register. "The details will be on the USTR website on Monday as we begin the process prior to a final decision on these tariffs," Lighthizer said.

Expected to escalate trade war between US and China, the latest Trump move came as the Chinese concluded his two days of trade talks with the US team led by Lighthizer.

In a series of tweets, Trump described the talks as candid and constructive, but indicated taking a tough approach against massive imbalance of trade with

"Over the course of the past two days, the and have held candid and constructive conversations on the status of the trade relationship between both countries," he said.

"The relationship between and myself remains a very strong one, and conversations into the future will continue," he added.

"In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!" Trump said.

Tariffs will bring in "far more" wealth to the United States than even a phenomenal deal of the traditional kind. "Also, much easier & quicker to do. Our Farmers will do better, faster, and starving nations can now be helped. Waivers on some products will be granted, or go to new source!" he said in another tweet.

"If we bought from our Farmers, far more than buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!" Trump said.

Referring to his latest direction, Trump said that the process has begun to place additional Tariffs at 25 percent on the remaining 325 Billion Dollars. "The US only sells China approximately 100 Billion Dollars of goods and products, a very big imbalance," he said.

"With the over 100 Billion Dollars in Tariffs that we take in, we will buy from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance. In the meantime, we will continue to negotiate with China in the hopes that they do not again try to redo deal!" said the

Trump said he is in no rush to conclude trade talks with China.

"Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25 percent on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S....," he said.

"We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. NO MORE!" Trump said. </s> • The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
• The tariff will mostly apply to industrial equipment, like tractors and chemicals.
• The move is the latest escalation of President Donald Trump’s trade war with China.

The United States will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday.

The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following tariffs imposed on $34 billion worth of Chinese imports that went into effect in early July. It represents the latest salvo in the ever-expanding trade war between the US and China.

The 279 items that will be hit with tariffs at the end of August are mostly industrial goods such as tractors, plastic tubes, and measurement equipment like speedometers.

Trump has threatened to levy a 25% tariff on an additional $200 billion worth of Chinese imports to the US – a move that would blow open the disagreement between the countries. China responded by promising to hit $60 billion worth of US goods coming into the country with tariffs.

The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. For instance, the major complaint is about the theft of US intellectual property by Chinese firms.

China, on the other hand, argues that the tariffs violate World Trade Organization rules and only harm both countries. Beijing is expected to hit $16 billion worth of US goods with equal tariffs in response to Tuesday’s move.

Economists warn that a prolonged trade war between China and the US could end up increasing prices for American consumers and hurting US businesses. But given the lack of talks and Trump’s unclear goals, the trade war doesn’t appear to be close to a resolution.

Here’s a timeline of the US-China trade war so far:
• March 1: President Donald Trump announces tariffs on all imports of steel and aluminum, including metals from China.
• March 22: Trump announces plans to hit $50 billion worth of Chinese goods with a 25% tariff. China announces tariffs in retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
• April 3: The US trade representative announces a list of Chinese goods subject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a list of more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 19: After a meeting, the two countries announce the outline of a trade deal to avoid the tariffs.
• May 29: The White House announces the tariffs on $50 billion of Chinese goods will move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out the final list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date. China retaliates with an equivalent set of tariffs.
• June 18: Trump threatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6: The first tranche of tariffs on $34 billion worth of Chinese goods takes effect; China responds in kind.
• July 10: The US releases an initial list of an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China announces that the country will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23. </s> • President Donald Trump is expected to hit China with a tariff on another $200 billion worth of Chinese goods.
• The move will be a major escalation of the US-China trade war.
• China is expected to respond with more tariffs.
• Economists expect that the tariff will increase the cost of goods for US consumers and possibly slow the broader US economy.

President Donald Trump is expected to order the US Trade Representative to impose a tariff on $200 billion worth of Chinese goods, catapulting the US-China trade war to the next level.

During a White House meeting on Monday, Trump said an announcement on the tariffs would come after the stock market close. According to reports, the tariffs will apply a 10% duty to a slew of goods, ranging from food to furniture.

The latest tariffs, along with previous rounds on $50 billion of Chinese goods and metal imports, will mean over half of all Chinese goods coming into the US are subject to the duties.

"It will be a lot of money coming into the coffers of the United States of America," Trump said.

China's Ministry of Commerce has promised to respond to Trump's latest attack with tariffs on $60 billion worth of US goods. This means that between 85% and 95% of American imports coming into China will be subject to a tariff from the trade war.

The move willy also solidify Trump's commitment to to the trade war despite the Treasury Department's recent overtures to Beijing. China will reportedly decline further talks if Trump goes through with the tariffs on Monday.

The president also threatened to slap tariffs on another $267 billion worth of Chinese goods, which would mean all imports from China would be subject to duties.

In addition to being much larger than previous rounds of tariffs, the new set zeroes in on different targets. The first round of tariffs on $50 billion worth of Chinese goods focused almost exclusively on industrial goods, but Friday's tariffs also include a large amount of consumer goods.

Economists estimate the tariffs will prompt an increase in prices for both US businesses and consumers. That could slow spending on large investments and consumer purchases, potentially harming the broader economy.

Stocks also declined on Trump's pre-announcement statement with the Dow Jones industrial average falling 91 points, or 0.35%, as of 3:45 pm ET.

Here's a timeline of the US-China trade war so far:
• March 1: President Donald Trump announces tariffs on all imports of steel and aluminum, including metals from China.
• March 22: Trump announces plans to impose a 25% tariff on $50 billion worth of Chinese goods. China announces tariffs in retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
• April 3: The US trade representative announces a list of Chinese goods subject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a list of more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 21: After a meeting, the two countries announce the outline of a trade deal to avoid the tariffs.
• May 29: The White House announces that the tariffs on $50 billion of Chinese goods will move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out the final list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date. China retaliates with an equivalent set of tariffs.
• June 18: Trump threatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6: The first tranche of tariffs on $34 billion worth of Chinese goods takes effect; China responds in kind.
• July 10: The US releases an initial list of an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China says it will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23.
• August 23: The US imposes tariffs on another $16 billion worth of Chinese goods, and Beijing responds with tariffs on $16 billion worth of US goods.
• September 7: Trump says the $200 billion tranche of tariffs is coming "soon" and threatens to impose tariffs on another $267 billion worth of Chinese goods. </s> Beijing vows retaliation after US increases tariffs on $200 billion of imports

(ABC NEWS) – After the working dinner between U.S. and Chinese negotiators in Washington ended after only 90 minutes and without a last-minute deal, President Donald Trump’s threat to raise tariffs on $200 billion worth of Chinese goods went into effect at 12:01 a.m. Friday.

The response from China to the U.S. increasing levies on imported goods to 25% from 10% was immediate. At least on paper.

“China deeply regrets that it will have to take necessary countermeasures,” the Chinese Ministry of Commerce said in a statement released two minutes after the new tariffs took effect.

But Beijing has yet to announce exactly how it will retaliate.

The increased tariffs are a dramatic escalation in the year-long trade dispute between the world’s two largest economies, which had enjoyed an extended ceasefire since late November, when President Trump and Chinese President Xi Jinping met on the sidelines of the G20 summit in Argentina.

That ceasefire was intended to create a window for negotiators to finalize a deal.

A final agreement was expected soon, at least until the U.S. side accused the Chinese of backtracking on commitments… angering President Trump, who issued a Twitter threat to raise tariffs by the end of this week.

Bloomberg News reported that in the buildup to the midnight deadline, the MSCI AC World Index lost more than $2.1 trillion in value, but market reactions across Asia was mixed on Friday.

Aside from Japan’s Nikkei, which closed slightly down, about minus .3%, most markets were trending slightly up. Hong Kong’s Hang Seng Index closed up almost 1%.

The Shanghai Composite even rallied in the afternoon session after an initial dip, closing up 3.1%.

But, according to a Bloomberg News report, Chinese state-backed funds, often dubbed the “National Team,” were active in buying up domestic Chinese stocks after the tariffs went into effect, propping up the market.

The Chinese statement added that talks between the U.S. and China are ongoing and there was hope the two sides could still “work together to resolve existing issues.”

China’s top trade negotiator, Vice Premier Liu He, is expected to reconvene with his U.S. counterpart, Trade Representative Robert Lighthizer, and Treasury Secretary Steve Mnuchin on Friday morning in Washington for a second day of talks.

The impact of the tariff hike unlikely will be felt for another few weeks. The increased taxes only apply to shipments leaving China after midday Friday and don’t affect shipments already in transit.

Because it usually takes about three weeks for container ships to travel from Chinese ports to destinations in America, negotiators still could reach an agreement before shipments arrive. </s> US to delay imposing tariffs on some products from China

Washington, Aug 13 (EFE).- The US government said Tuesday it would hold off on imposing 10 percent tariffs on certain products imported from China until December.

“It was determined that the tariff should be delayed to December 15 for certain articles,” the United States Trade Representative (USTR) said in a statement.

The tariffs were originally scheduled to take effect on Sept. 1.

The USTR also said that some products would no longer be subjected to tariffs.

“Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent,” the USTR said.

Some products, however, will still be subject to the higher tariffs starting on Sept. 1, but the USTR did not identify them.

The USTR posted lists on its website on Tuesday of products subject to tariffs effective Sept. 1 and Dec. 15.

The USTR said it “will publish in the Federal Register as soon as possible additional details and lists of the tariff lines affected by this announcement.”

In late July, a team led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin negotiated in Shanghai with a high-level Chinese delegation headed by Vice Premier Liu He.

On Aug. 1, President Donald Trump announced a new set of tariffs on goods from China effective Sept. 1 after the latest round of trade talks with the Asian nation failed to yield a deal.

“Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing,” Trump said on Twitter.

On Aug. 6, China responded to Trump’s tariff announcement, saying that state-owned companies had halted purchases of agricultural goods from the United States.

The Commerce Ministry said in a statement that Washington’s decision to slap additional tariffs on Chinese products effective Sept. 1 was a “grave violation” of agreements reached by Trump and his Chinese counterpart, Xi Jinping, at their June 29 meeting on the sidelines of the G20 summit in Osaka, Japan.

The ministry said it would not rule out tariffs on newly purchased agricultural goods after Aug. 3.

The world’s two largest economic powers have been engaged in a trade war for more than 18 months, leveling allegations at each other and slapping tariffs on imports.

In May, Trump increased from 10 percent to 25 percent a tariff on Chinese imports worth $200 billion. China retaliated by slapping tariffs on US imports worth $60 billion.

Trump later threatened to impose tariffs of up to 25 percent on another $325 billion of Chinese imports, causing concern in financial markets and the business community due to the possible effect on consumer spending, which accounts for about two-thirds of US economic activity.

In Osaka, Trump and Xi agreed to a truce in the trade war, which is rooted in Washington’s unhappiness over China’s massive trade surpluses with the United States.

In 2018, the United States posted a trade deficit of $419 billion with China due, largely, to the fact that US exports to Asia’s largest economy totaled just $120 billion, while American imports from China reached $540 billion.

During the first five months of 2019, the US trade deficit with China was $137 billion.

In recent days, Trump has expressed unhappiness with the Chinese government’s decision to devalue the yuan, pushing the currency’s exchange rate against the dollar to a key level not seen since 2008. EFE </s> • The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
• The tariff will mostly apply to industrial equipment, like tractors and chemicals.
• The move is the latest escalation of President Donald Trump's trade war with China.

The US will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday.

The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following tariffs imposed on $34 billion worth of Chinese imports that went into effect in early July. It represents the latest salvo in the ever-expanding trade war between the US and China.

The 279 items that will be hit with tariffs at the end of August are mostly industrial goods such as tractors, plastic tubes, and measurement equipment like speedometers.

Trump has threatened to levy a 25% tariff on an additional $200 billion worth of Chinese imports to the US — a move that would blow open the disagreement between the countries. China responded by promising to hit $60 billion worth of US goods coming into the country with tariffs.

The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. For instance, the major complaint is about the theft of US intellectual property by Chinese firms.

China, on the other hand, argues that the tariffs violate World Trade Organization rules and only harm both countries. Beijing is expected to hit $16 billion worth of US goods with equal tariffs in response to Tuesday's move.

Economists warn that a prolonged trade war between China and the US could end up increasing prices for American consumers and hurting US businesses. But given the lack of talks and Trump's unclear goals, the trade war doesn't appear to be close to a resolution.

Here's a timeline of the US-China trade war so far:
• March 1: President Donald Trump announcestariffs on all imports of steel and aluminum, including metals from China.
• March 22: Trump announces plans to hit$50 billion worth of Chinese goods with a 25% tariff.China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
• April 3: The US trade representativeannounces a list of Chinese goodssubject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a listof more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 19: After a meeting, the two countriesannounce the outline of a trade dealto avoid the tariffs.
• May 29: The White House announces the tariffs on $50 billion of Chinese goodswill move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out thefinal list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date.China retaliateswith an equivalent set of tariffs.
• June 18: Trumpthreatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6:The first tranche oftariffs on $34 billion worth of Chinese goodstakes effect; China responds in kind.
• July 10: TheUS releases an initial listof an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China announces that the country will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23.
The United States increases tariffs from 10% to 25% on $200 billion worth of imports from China after no deal materialized prior to the midnight deadline.