BREAKING: The Trump administration will slap a 10% tariff on about $200 billion in Chinese goods next week, and will more than double that rate in 2019.
Combined with existing tariffs, half of the goods China sends to the US will face tariffs
Trump Sets Tariffs On $200 Billion In Imports From China
September 17, 20186:36 PM ET
AVIE SCHNEIDER
Updated at 6:43 p.m. ET
Combined with existing tariffs, half of the goods China sends to the US will face tariffs
Trump Sets Tariffs On $200 Billion In Imports From China
September 17, 20186:36 PM ET
AVIE SCHNEIDER
Updated at 6:43 p.m. ET
President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.
Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.
It's the latest round of an escalating trade dispute between the two countries.
The tariffs follow duties on $50 billion in goods imposed earlier this year. The latest levies are set to go into effect Sept. 24 and remain at 10 percent until the end of the year. If China doesn't make concessions, the new tariffs will then jump to 25 percent, a senior administration official said.
The new tariffs will apply to hundreds of items — ranging from seafood to handbags to toilet paper — that were on a list released July 10. But, the official said, they will exclude some consumer electronics such as smartwatches and Bluetooth devices as well as health and safety products such as high chairs, bicycle helmets, child car seats and playpens.
The U.S. has complained that Beijing forces American companies doing business in China to transfer technology and intellectual property.
"These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy," Trump said in a White House statement. Trump urged Chinese leaders to "take swift action to end their country's unfair trade practices."
Earlier Monday, White House chief economic adviser Larry Kudlow said at the Economic Club of New York, "We are ready to negotiate and talk with China any time that they are ready for serious and substantive negotiations" to reduce trade barriers.
In remarks earlier in the day, Trump predicted an eventual deal with Beijing. "I think it's going to work out very well with China," he said. "They want to make a deal. But from our standpoint, it has to be fair. It has to take care of our workers."
Chinese officials have previously said they were prepared to retaliate with higher tariffs of their own.
中國的招數快用盡了.......建議中國spymaster考慮報復:Trump侮辱所有在美的學生個個都是間諜的指控,將人民幣貶值30%.......
“傳統上,這些私下渠道一直存在,北京讓劉鶴這樣的人擔任高級職位,原因之一就是他們與華爾街有著良好的關係,”卡特勒說,她目前擔任亞洲社會政策研究所(Asia Society Policy Institute)副所長。 |
“到目前為止,這些私下渠道似乎並未努力將這屆政府推向談判的解決方案。” |
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