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US President Donald Trump cranked up the heat in a trade battle with China on Friday, ordering a tariff hike on almost all remaining imports from the world's second-biggest economy, but Beijing said talks would continue to resolve the row. After tweeting thaTrump orders tariff hike on remaining Chinese imports
US President Donald Trump cranked up the heat in a trade battle with China on Friday, ordering a tariff hike on almost all remaining imports from the world's second-biggest economy, but Beijing said talks would continue to resolve the row. After tweeting that two days of trade talks in Washington had been «candid and constructive,» the businessman-turned-politician changed tack and followed through on a threat he had been making for months. «The President... ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion,» US Trade Representative Robert Lighthizer said in a statement. The move came less than 24 hours after Washington increased punitive duties on $200 billion worth of Chinese imports, raising them to 25% from 10%, days after the Trump administration accused Beijing of reneging on its commitments. Details on the process for public notice and comment will be posted Monday, ahead of a final decision on the new tariffs, Lighthizer said. They were not expected to go into effect for several months. China's top trade negotiator, Vice Premier Liu He, had warned earlier that Beijing "must... Read more
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