Trump to announce new China tariffs as early as Monday

Trump to announce new China tariffs as early as Monday”

Despite his Treasury Secretary's attempts to revive trade talks with China, U.S. President Donald Trump has reportedly told his aides to press ahead with a new round of tariffs on an extra 200 billion U.S. dollars in Chinese products.

Trump's top economic adviser, Larry Kudlow told Fox News on Wednesday that the United States government had received information that "the top of the Chinese government wished to pursue talks" prompting Mnuchin to send an invitation.

The public comment period for a list of tariffs on about US$200 billion in Chinese goods closed earlier this month, and Mr Trump said the duties would be imposed "soon".

The administration has already levied duties on $50 billion worth of Chinese goods following a study on China's intellectual property practices released earlier this year.

White House spokeswoman Lindsay Walters declined comment on the timing of a possible announcement, but said: "The president has been clear that he and his administration will continue to take action to address China's unfair trade practices".

Adding in the $200 billion list and another $267 billion of Chinese goods, total imports from China facing tariffs would exceed the $505 billion in goods that the United States imported from China previous year.

Details on the potential trade talks were thin, but Larry Kudlow, White House economic advisor, said the prospect of talks was a positive development. American officials also worry they might erode USA industrial leadership.

More news: Samsung Galaxy Note 9 catches fire in woman's purse

"We are under no pressure to make a deal with China, they are under pressure to make a deal with us", Trump tweeted.

Otherwise, while the analysts don't expect retailers of many other Chinese goods to raise prices immediately to help offset the tariffs, they warned that prices could rise just as shoppers are about to spend heavily during the holidays.

Trump was asked during the meeting whether he was concerned about the impact of the new tariffs on negotiations with China.

And two weeks ago, he said he was preparing a third package of penalties on what he said would be $267 billion of additional items, a list that is likely to encompass all remaining goods produced in China.

The U.S. Trade Representative's office has said it was working to revise the list based on issues raised in public hearings and written submissions.

The US has launched a trade war against China which could see all of its exports to the US subject to duties. The list of products mostly included industrial equipment to avoid directly hurting US consumers.

Corporate executives increasingly think the trade dispute can be resolved only by direct talks between Trump and Xi.

Like this



24 January 2020
The Premier Escape Room Experiences in Edmonton and Calgary
On top of that we will provide you and your group with a dedicated Game Master who will monitor and work with onlyyour group. So what makes Escape Hour unique? First of all, every one of our escape rooms or exit games is a completely private event.

18 September 2018
Emmy Winner Glenn Weiss Proposes To Girlfriend During Acceptance Speech
Will you marry me?" "First of all, the man who's going to be with me, is going to propose to me on the Emmys ", she said. Weiss then said, as the celebrities started standing up to make way for January .

18 September 2018
Amazon investigating claims of employees leaking confidential data for bribes
The middlemen in these transactions are called brokers, and they often find Amazon employees via the Chinese chat app WeChat . Amazon is investigating claims that its employees accepted bribes in exchange for leaking confidential sales data.

18 September 2018
As Florence moves west, North Carolina prepares for recovery
Streets flooded and Police Chief Keith Thomas warned people not to drive, but the local food and gas store had customers. An additional 6 to 10 inches of rain is still possible along the southeast border of North Carolina and SC .

18 September 2018
Golden Master version of Shortcuts app is released by Apple
Apple iPad Pro 12.9-inch first and second generation, iPad Pro in 9.7-inches and 10.5-inches will also be compatible with iOS 12. However, make sure you've got proper space on your device, as it'll take up around 2GB of space to initially download.

18 September 2018
Thomas Tuchel plans to rest Neymar before Champions League clash with Liverpool
Lyon warm up for their Champions League trip to Manchester City next midweek by going to Caen on Saturday evening. The Ligue 1 champions already have a five-point lead at the top of the table in Tuchel's first season in charge.

18 September 2018
Typhoon Mangkhut rips through China's Guangdong
Tens of thousands of travelers had plans disrupted after Hong Kong's global airport, a major regional hub, canceled most flights. About 63,000 people have been affected, and the damage has not yet been fully assessed as numerous worst-hit areas are rural.

18 September 2018
An NFL Player Apparently Straight Up Retired Mid-Game Today
Buffalo signed Davis to a one-year, US$2.5 million deal in February that included a $1.5 million signing bonus. Davis released a statement after the game confirming his retirement and explaining his decision to retire .

11 May 2018
All You Should to Know about Cisco CCNP Certification
Cisco provides the seekers with a wide range of courses depending on different areas included in the field of IT. The certificate holder gets a good position in the field of IT, and is capable to add new apps and networks.

15 March 2018
Server Requirements for Mass Mailing
The first means that the error occurred on the receiving side: maybe the client's account was blocked, or something else happened. Running your own email server may sound like a science fiction, and it may seem that it’s impossible to handle such thing.