Trump hits China with $200bn of new tariffs as trade war escalates

China Comments Off

President imposes import tariffs that will affect US consumers as he criticises ‘unfair practices’

Donald Trump has intensified his trade war with China by imposing new tariffs of $200bn on Chinese goods arriving in the US from next week.

The US president announced the tariffs in a statement, saying: “If China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267bn of additional imports.”

Related: Markets wary as US-China trade talks end without breakthrough – as it happened

Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be “Tariffed!”

Related: American farmers fear being caught up in Trump’s trade wars

Continue reading…
Source: china
Link : Trump hits China with 0bn of new tariffs as trade war escalates

Author

Search

Back to Top

Skip to content