Donald Trump said he'll ramp up the trade war against China by imposing a 10% tariff on roughly $300 billion worth of Chinese imports that haven’t already been hit with penalties
President Donald Trump said Thursday he will ramp up the trade war against China by imposing a 10 percent tariff on roughly $300 billion worth of Chinese imports that haven’t already been hit with penalties.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin returned this week from a brief round of talks in Shanghai, where the two sides failed to announce a major breakthrough in the negotiations. The two sidesIn May, Trump administration officials accused China of significantly backtracking from commitments it had made to address core U.S. trade concerns of forced technology transfer and intellectual property theft.
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. More recently, China agreed to…More than 300 witnesses testified during seven days of hearings in June on the proposed additional 25-percent tariff hike.
After Trump met with Xi at the G-20 summit, he said the Chinese leader had agreed to make new purchases of U.S. farm goods as a goodwill gesture. Following this week’s talks in Shanghai, the White House said China confirmed its commitment to increase purchase of U.S. agricultural goods.
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