Trump threatens all-out trade war with China; tariffs on US$ 200 bil. of goods
- 6 years ago
More tariffs coming China's way,...
U.S. President Trump directed the U.S. Trade Representative's office to draw up a list of 200-billion U.S. dollars of Chinese goods for an additional 10-percent tariff.
President Trump said that the new tariff would go into effect unless Beijing changes course on its own trade actions on U.S. goods and addresses the theft of American intellectual property by Chinese companies.
This latest round of tariffs follows an official announcement by U.S. government three days ago on 50 billion dollars of Chinese goods that are subject to a new 25-percent tariff starting July.
U.S. President Trump directed the U.S. Trade Representative's office to draw up a list of 200-billion U.S. dollars of Chinese goods for an additional 10-percent tariff.
President Trump said that the new tariff would go into effect unless Beijing changes course on its own trade actions on U.S. goods and addresses the theft of American intellectual property by Chinese companies.
This latest round of tariffs follows an official announcement by U.S. government three days ago on 50 billion dollars of Chinese goods that are subject to a new 25-percent tariff starting July.