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Trump: US to Impose Higher Tariffs on Chinese Exports

Monday, 6 May 2019 18:35 WIB Global

U.S. President Donald Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump wrote Sunday on Twitter: "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" He said he will raise existing 10% tariffs on $200 billion worth of Chinese goods to 25%, and to impose new tariffs on another $325 billion of other products. The Wall Street Journal reported late Sunday that China is considering canceling trade talks scheduled to take place in Washington this week. The White House press secretary had not yet...

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