The Trump administration will impose tariffs on $200bn (£152bn) more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on consumer goods ranging from handbags to bicycle tyres. The tariffs will start at 10 per cent, beginning Monday of next week, and then rise to 25 per cent on 1 January. Donald Trump made the announcement on Monday evening in a move sure to ratchet up hostilities between Washington and Beijing. Mr Trump has already imposed 25 per cent tariffs on $50bn in Chinese goods. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president’s supporters in the US farm belt. Beijing has warned it would hit an additional $60bn in American products if Trump ordered more tariffs.On Monday Mr Trump threatened to raise the stakes again if Beijing should retaliate, adding a further $267bn in Chinese imports to the target list. That would raise the total to $517bn – covering nearly everything China sells the United States.After taking in public comments, the administration said on Monday it had withdrawn several items from an earlier list of $200bn in Chinese imports, including child-safety products like bicycle helmets. And in a victory for Apple Inc and its American customers, the administration removed smart watches and some other consumer electronics products from the list of goods imported from China. At the same time, the administration said it is still open to negotiations with China.The US economy appears strong enough to withstand damage from the tariff battle