Report: Trump going ahead with plans for new China tariffs

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WASHINGTON (AP) — President Donald Trump is going ahead with plans to impose new tariffs on about $200 billion of Chinese imports, The Wall Street Journal reported Saturday.

Both sides were preparing to hold new talks on their tariff dispute. Last week Trump told reporters such a move could come “very soon.”

The Journal cited unnamed people familiar with the matter who said the tariff level will likely be set at about 10 percent, below the 25 percent announced earlier this year.

The two governments have already imposed 25 percent tariffs on $50 billion of each other’s goods. Beijing has issued a list of another $60 billion of American products for retaliation if Trump’s next tariff hike goes ahead.

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. We encourage China to address the long standing concerns raised by the United States.”

The Chinese foreign ministry said Thursday that it was invited to hold new talks. Envoys from the two countries last met Aug. 22 in Washington but reported no progress.

Beijing has rejected pressure from the United States to roll back plans for state-led development of Chinese global champions in robotics, artificial intelligence and other fields.

Washington, Europe and other trading partners say those plans violate China’s market-opening commitments. American officials also worry they might erode U.S. industrial leadership.

Forecasters have warned that the worsening conflict between the world’s two biggest traders could cut up to 0.5 percentage point off global economic growth through 2020 if all threatened tariff hikes go ahead.

China has tried without success to recruit Germany, France, South Korea and other governments as allies against Washington. Some of them have criticized Trump’s tactics but many echo U.S. complaints about Chinese market barriers and industrial strategy.

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6 comments

    • LoveTheUSA

      Don’t worry, you will not feel like that about yourself, if you could only embrace the truth, that you do not hate the President for any other reason than your weak partisan bias.
      He is doing a great job, is a master negotiator, who keep adding to his list of successes. He knows exactly how to handle these things, and you left leaning people cannot stand the fact that he is winning with every step.

      • Wings

        You must be in your Dream mind set, you have to wake up and see what this idiot is doing the USA.
        Idiot is nothing but a liar, sexiest, conniving and etc ect ect.

          • steve

            P, Don’t waste your time trying to get Wings to use common sense about anything. First, he has none and second, even if he did, his hate for Trump would preclude him from using it.

  • Matt

    Tariffs are a tax on Americans, not China. What part about hurting the pocketbook of Americans is economically smart Hurting farmers and Turning around and providing them with subsidies to keep them afloat from disastrous policies is as dumb as you can get. Protectionism doesn’t create wealth and forcing Americans to buy products the government says is best hurts consumers and the economy. The government does not create wealth And anyone who supports tariffs is economically illiterate. But big government sucks right? Guess what you are cheering for government control over your personal choices exactly what socialism is.