President Trump says the US import tariffs will be raised to 200 billion worth of Chinese goods this Friday. With this he wants to increase the pressure on Beijing in the constant trade war between the two superpowers. In a tweet Sunday the American head of state writes that the rates will go from 10 to 25 percent.
A previously announced increase that would take effect in March decided to postpone Trump because progress would have been made in negotiations between the two countries. The intention is for a Chinese delegation to come to Washington on Wednesday to reach an agreement.
“A trade agreement with China is coming, but too slowly, as they are trying to renegotiate. No! ”, The president writes. Trump also threatens to ‘introduce’ further 25 percent rates on a further $ 325 billion worth of Chinese goods.
Washington said last week that the negotiations were moving in the right direction. Bloomberg reports from anonymous sources that the White House has become frustrated in recent days because Beijing has come back from previous agreements.
About the author: Matthew Johnson
Matthew Johnson, a small tech business owner retired and found his passion in journalism.