Trump to raise tariffs on $200bn of Chinese goods

05 Mai, 2019, 22:06 | Auteur: Anatole Charbonneau
  • US President Donald Trump is not satisfied with the pace of progress in negotiations with China

Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will "shortly" be subject to tariffs, President Donald Trump said Sunday, in a warning to China as what could be a closing round of takes for a trade deal are set to start in Washington this week.

Trump said on Twitter that tariffs will increase to 25% on Friday and that more Chinese goods will face additional tariffs.

Trump imposed duties of 25 percent on an initial $50 billion of Chinese goods a year ago and then 10 percent on an additional $200 billion in products.

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Wells Fargo Senior Economist Mark Vitner on the Trump administration trade negotiations with China and the state of the USA job market. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!"

U.S. -China trade talks are due to resume this week, with Chinese Vice Premier Liu He due to travel to Washington.

That follows talks in April in Beijing that US Treasury Secretary Steven Mnuchin called "productive". Administration officials have said both sides are expected to launch new enforcement staffs to police the agreement.

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