U.S. considering raising proposed tariffs on Chinese goods to 25% from 10%
- 6 years ago
The latest on the on-going trade spat between the world's two biggest economies -- the Trump administration says it's considering putting tariffs on up to 200 billion dollars in Chinese goods.
U.S. Trade Representative Robert Lighthizer said in a statement released on Thursday... that the tariff rate to 25-percent from the current 10-percent.
The statement says the increase is to provide the U.S. with additional options to encourage China to change what it called "harmful policies."
It's believed the move is a response to China's repeated refusal to address U.S. complaints of unfair trading practices, particularly in technology transfer.
Last week, China blocked a 44-billion-dollar acquisition by the U.S. telecommunications giant Qualcomm... of Dutch semiconductor manufacturer N-X-P over anti-trust concerns.
U.S. Trade Representative Robert Lighthizer said in a statement released on Thursday... that the tariff rate to 25-percent from the current 10-percent.
The statement says the increase is to provide the U.S. with additional options to encourage China to change what it called "harmful policies."
It's believed the move is a response to China's repeated refusal to address U.S. complaints of unfair trading practices, particularly in technology transfer.
Last week, China blocked a 44-billion-dollar acquisition by the U.S. telecommunications giant Qualcomm... of Dutch semiconductor manufacturer N-X-P over anti-trust concerns.