Trump says US will impose 10% tariffs on another $300 billion of Chinese goods starting Sept. 1
2019-08-02 11:45:59 [Print]
President Donald Trump said Thursday that the U
"Trade talks are continuing, and during the talks the U.S . will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!" Trump said in a tweet on Thursday.
The tariff announcement came after the U.S . and China restarted trade talks in Shanghai this week, the first in-person trade talks since a G-20 truce . The White House said Wednesday before this Trump tweet that the meetings were "constructive," adding that China confirmed its commitment to increase purchases of U . S . agricultural exports . Trade negotiations will continue in Washington in early September, according to the White House statement.
It's unclear what has caused Trump to end the trade war cease-fire with these new tariffs. The tweet comes in the wake of a meeting Thursday morning at which the president got a report from Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer on their meetings in Shanghai this week, a White House official disclosed.
Trump said later in the day that the new tariffs could be raised to above 25%.
. S . is putting 10% tariffs on another $300 billion worth of Chinese goods, effective Sept . 1.
"Trade talks are continuing, and during the talks the U.S . will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!" Trump said in a tweet on Thursday.
The tariff announcement came after the U.S . and China restarted trade talks in Shanghai this week, the first in-person trade talks since a G-20 truce . The White House said Wednesday before this Trump tweet that the meetings were "constructive," adding that China confirmed its commitment to increase purchases of U . S . agricultural exports . Trade negotiations will continue in Washington in early September, according to the White House statement.
It's unclear what has caused Trump to end the trade war cease-fire with these new tariffs. The tweet comes in the wake of a meeting Thursday morning at which the president got a report from Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer on their meetings in Shanghai this week, a White House official disclosed.
Trump said later in the day that the new tariffs could be raised to above 25%.