Trump Threatens To Increase Tariffs On China To 25%
- 6 years ago
President Donald Trump maybe about to intensify his trade war with China.
US officials said Wednesday that Trump wants to implement a 25% tariff on $200 bil of Chinese imports.
Trump's original proposal was to implement a 10% tariff on the same amount of goods.
"This week, the President has directed that I consider increasing the proposed level of the additional duty from 10 percent to 25%. The 25% duty would be applied to the proposed list of products previously announced on July 10.
US officials said Wednesday that Trump wants to implement a 25% tariff on $200 bil of Chinese imports.
Trump's original proposal was to implement a 10% tariff on the same amount of goods.
"This week, the President has directed that I consider increasing the proposed level of the additional duty from 10 percent to 25%. The 25% duty would be applied to the proposed list of products previously announced on July 10.