In abrupt turn, Donald Trump vows higher US tariffs on China goods
WASHINGTON: US president Donald Trump[1] on Sunday dramatically increased pressure on China to reach a long-sought trade deal by announcing he will markedly increase US tariffs[2] on certain Chinese goods.
Trump had previously delayed the tariff increases earlier in the year, citing productive talks with China.
Trump said on Twitter[3] that tariffs will increase to 25% on Friday and that more Chinese goods will face additional tariffs.
"The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" Trump tweeted.
U.S.-China trade talks are due to resume this week, with Chinese Vice Premier Liu He due to travel to Washington. That follows talks in April in Beijing that Treasury Secretary Steven Mnuchin called "productive."
As recently as Friday, Trump said talks with China was going well.
from US News Headlines, Latest USA News, America Breaking News - Times of India http://bit.ly/2PMphNC
Trump had previously delayed the tariff increases earlier in the year, citing productive talks with China.
Trump said on Twitter[3] that tariffs will increase to 25% on Friday and that more Chinese goods will face additional tariffs.
"The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" Trump tweeted.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 B… https://t.co/oXh0NKws5m
— Donald J. Trump (@realDonaldTrump) 1557072526000[4]
....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid… https://t.co/TXwRRmoyVO
— Donald J. Trump (@realDonaldTrump) 1557072526000[5]
U.S.-China trade talks are due to resume this week, with Chinese Vice Premier Liu He due to travel to Washington. That follows talks in April in Beijing that Treasury Secretary Steven Mnuchin called "productive."
As recently as Friday, Trump said talks with China was going well.
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References
- ^ Donald Trump (timesofindia.indiatimes.com)
- ^ tariffs (timesofindia.indiatimes.com)
- ^ Twitter (timesofindia.indiatimes.com)
- ^ 1557072526000 (twitter.com)
- ^ 1557072526000 (twitter.com)
from US News Headlines, Latest USA News, America Breaking News - Times of India http://bit.ly/2PMphNC
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