Laptops, Smartphones Among Next to Be Hit by Trump Tariffs

15 Mai, 2019, 07:07 | Auteur: Auguste Feret
  • Consumers are already seeing price hikes from the last round of Trump’s tariffs

"Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy".

Trump also is considering extending tariffs to virtually everything American companies import from China, which economists warn would spill over into the global economy and U.S. industries say would be catastrophic.

Trade talks between the two countries have broken down, with US officials listing $300 billion more in Chinese goods for possible tariff hikes and Beijing vowing Tuesday to "fight to the finish" in an escalating trade battle that is fueling fears about damage to global economic growth.

Portman also said he believes it's unlikely that an agreement will be reached until Trump sits down with China's President Xi Jinping at the upcoming G20 meeting. "Both sides will pay", he told Fox News. The newest tariffs he's imposed on Chinese goods are not a drag on USA consumers, but rather in the service of a better bargaining position for a trade deal, which he'll deliver at some point, he hopes.

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Trump has repeatedly said that the trade structure between the two countries is imbalanced, and has sought to rectify that.

"China does not want a trade war but we are not afraid of it". "It will all happen, and much faster than people think!"

US President Donald Trump increased on 10 May tariffs on around $200 billion worth of Chinese imports from 10 percent to 25 percent. "If someone attacks us on our doorstep, we will take them on and fight to the finish", China's foreign ministry spokesman Geng Shuang said. "This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us".

Trump is slated to meet with Chinese President Xi Xinping in Japan next month.

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