The further tariffs were being considered "in light of China's unfair retaliation" against earlier U.S. trade actions, which included a proposed $50 billion of tariffs on Chinese goods, Trump said in a White House statement.

Let us note: At the last volley, one week ago, Anglo-merican press valued China tariffs added to imports (excluding treasuries) from USA at $3B.

Representative By-stander, not US, EU 'producers'
South Korean exports expected to take big hit as a result of tariff increases

A rise in the average global tariff rate to 20% from its current 4.8% would result in US$50.5 billion in lost exports and the loss of around 460,000 jobs for South Korea, researchers predicted in an analysis of the effects of a global trade war in which countries around the world compete to raise tariffs.