Trump to raise tariffs on $200 bn of China goods

Trump says he will increase tariffs on Chinese goods on Friday as he complains about pace of trade talks

While the Apple iPhone and other Apple devices have managed to evade the tariff charges, Trump is now talking about taxing hundreds of billions of dollars of additional Chinese products imported into the states, possibly including the iPhone.

Trump has previously said a trade deal with China should be reached within the coming weeks but he is willing to walk away.

Chinese Vice Premier Liu He was due to travel to Washington for talks this week after a round last week in Beijing that Treasury Secretary Steven Mnuchin called "productive".

In the announcement on Twitter, Trump said that talks to secure a trade deal with China are continuing, but are moving "too slowly".

Trump said the decision to raise tariffs Friday was a result of prolonged negotiations to end the ongoing trade war between the two countries.

"For 10 months, China has been paying Tariffs to the US of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods", Mr. Trump said.

To pressure China, Trump has even threatened to slap tariffs on all Chinese products entering the United States - they were worth $539.5 billion a year ago.

Bournemouth 1 Tottenham 0: Nine-man Spurs lose to late Ake header
They had their chances in the first half at the Vitality Stadium, but found debutant goalkeeper Mark Travers in inspired form. The forward committed a foul on Bournemouth winger Ryan Fraser, before Jefferson Lerma intervened by brushing Son's leg.

Democrats ramp up pressure on Trump as Pelosi accuses Barr of 'crime'
The letter is also critical of Mueller for not fulfilling his obligation to "make a prosecutorial decision on obstruction". Trump said he heard that Barr had performed "incredibly well" before the Senate panel. "As to obstruction of justice , Mr.

Fed chief Powell downplays low inflation, dashing hopes for a rate cut
The Fed chief, however, did not rule out the probability of rate cuts if the core inflation persistently stayed below 2 percent. The weak inflation number, however, will not trigger a rate cut, according to Fed Chair Jerome Powell.

Trump's tweets essentially end the so-called trade truce that has been in effect since December, when the president agreed with his Chinese counterpart to hold off on higher tariffs while the two nations negotiated a trade deal.

Chinese negotiators arrive in Washington this week for what many both inside and outside the administration have said could be a final round of talks to produce a trade agreement - at least in principle.

Last July, the Trump administration gradually began slapping import taxes on Chinese goods to pressure Beijing into changing its policies. Mr. Trump repeated a threat to raise the rate on existing tariffs and tax almost all of China's exports to the United States.

The Trump administration has met with Chinese officials over the last few months in hopes of striking a new trade deal. But analysts have also emphasized that the Chinese president, Xi Jinping, does not want to appear to be kowtowing to Mr. Trump's demands.

Wells Fargo Senior Economist Mark Vitner on the Trump administration trade negotiations with China and the state of the USA job market.

That has proved to be a sticking point. China retaliated by levying tariffs amounting to some $110 billion on United States goods.

"The Tariffs paid to the U.S. have had little impact on product cost, mostly borne by China", he said.

Related news:

Hot News

isis-killer-beheading-video-story-top Cyclone Fani: 12 dead as Bangladesh and India assess damage
May 05, 2019 - 01:31
It is expected to cause a storm surge, during which sea levels rise dramatically, sending destructive walls of water inland. The Trinamool leadership on Saturday took exception to Prime Minister Narendra Modi calling West Bengal Governor K.N.

isis-killer-beheading-video-story-top You'll Remember Me - Valencia Star Wants To Make History At Arsenal's Expense
May 05, 2019 - 01:31
Emery, however, has sounded it clear that his side wants to win the Europa League and qualify straight to the Champions League. Arsenal had conceded nine goals in their last three Premier League games and it was easy to see why in a awful opening.

isis-killer-beheading-video-story-top Jurgen Klopp branded "hasty and pretentious" for comments on Naby Keita
May 05, 2019 - 01:30
Guinea will be in Group B at the Nations Cup in Egypt alongside Nigeria, Burundi and Madagascar. It will keep him out for at least two months.

isis-killer-beheading-video-story-top Activision Blizzard unveils first 5 franchises for Call of Duty World League
May 05, 2019 - 01:22
This initiative should continue to grow and may be big enough to compliment the launch of this year's big new Call of Duty game . Blizzard Entertainment owns the Overwatch League, while Major League Gaming, another Activision subsidiary, runs the league.

isis-killer-beheading-video-story-top Rate hikes still on the table despite Brexit uncertainties, says Bank
May 05, 2019 - 01:18
Mr Carney said: "We could see a period where the economy is growing and pressures continue to build despite this uncertainty". The Bank raised its forecasts for GDP growth while warning of the possible impact of Brexit.

isis-killer-beheading-video-story-top Amazon Got a Place in Berkshire Hathaway's Portfolio
May 05, 2019 - 01:09
Warren Buffett bought a majority of the Borsheim's stock in the '80s and it paid off. Investors saw Berkshire Hathaway's investment in the company as a bullish sign.

isis-killer-beheading-video-story-top Blue Jackets beat the Bruins to take series lead
May 05, 2019 - 01:05
Fans all have their opinions and they're entitled to it because they pay a lot of money to watch us play the game. Patrice Bergeron added another with his second power play goal of the game, effectively putting the game on ice.

isis-killer-beheading-video-story-top United Kingdom defence secretary dismissed over Huawei leak
May 04, 2019 - 01:37
It also emerged that Williamson will be given a lump sum of around £17,000 after his dramatic removal from the government. Williamson was to head back to Wolverhampton to join his family, where he was to consider his next steps.

isis-killer-beheading-video-story-top Trump says McGahn should not testify before Congress
May 04, 2019 - 01:29
Senate Minority leader Chuck Schumer and House Speaker Nancy Pelosi called the talks this week productive. "This is all. Barr said Mueller didn't find sufficient evidence of obstruction though Mueller said the president can't be cleared.

isis-killer-beheading-video-story-top Iowa city flooded as levee breached by Mississippi
May 04, 2019 - 01:27
That support includes the Corrections Department providing work crews to support sandbagging efforts. The weather service forecasts a crest of 35.5 feet by Sunday or Monday in Alton.

isis-killer-beheading-video-story-top Trump, Putin discuss nuclear weapons, Mueller report
May 04, 2019 - 01:27
Sanders told reporters that the Mueller report came up "very, very briefly" during the call, which lasted more than an hour. Putin also told Trump that the new leadership in Ukraine should take steps to solve the Ukrainian crisis, the Kremlin said.

isis-killer-beheading-video-story-top Atsu warns Liverpool that Newcastle won’t roll over
May 04, 2019 - 01:16
That shouldn't be a problem though as they've managed eleven goals in their last five matches with Jamie Vardy in fine form. Well if Liverpool think we are just going to roll over for them to ride on, then they are not ready to win the league.

isis-killer-beheading-video-story-top Australian right-wing senate candidate resigns after strip-club video emerges
May 03, 2019 - 01:27
The One Nation party rejects Muslim migration and calls for a travel ban similar to the one pushed by US President Donald Trump . It seems MrMacdonald may have been just about to kick off his campaign less than three weeks out from the election.

isis-killer-beheading-video-story-top Sarri admits he is anxious at Chelsea’s central defensive woes
May 03, 2019 - 01:13
We want to get the Champions League through the Premier League. "We are in trouble with the centre-backs", said Sarri. So, for us, it will be really very hard to get to the final, I think".

isis-killer-beheading-video-story-top Billboard Music Awards 2019
May 03, 2019 - 01:03
As soon as Drake congratulated the Night King slayer, Twitter filled up with messages from fans ripping him for sealing her fate. However, the talking point for Drake's win was his speech which had a reference to Game of Thrones , in paticular, Arya Stark .