Trump ratchets up tariff threat after talks show no progress

Monday, May 13, 2019 | Tag Cloud Tags: , , , , , , ,

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(Worthy News) - U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war.

Trump’s move would subject about $300 billion worth of Chinese imports to punitive tariffs, U.S. Trade Representative Robert Lighthizer said in a statement.

Lighthizer said a final decision has not been made on the new duties, which would come on top of an early Friday tariff rate increase to 25% from 10% on $200 billion worth of Chinese imports. [ Source: Reuters (Read More...) ]

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