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Report: China hit back, if it is imposed on US, more rates
Chinese and U.S. officials at the end of trade talks in Washington without a major breakthrough: FBN’s Susan Li reports.
President, Trump has given the green light to proceed with tariffs against $ 200 billion in Chinese goods, sources told Fox News on Friday.
The timing of the actual application of the rates was not clear, but the move would combat mark the latest in an escalating trade war with Beijing as a trump addiction, he sees as unfair trade practices from China.
The Wall Street Journal reported on Saturday that the tariff level is likely to be set at approximately 10 percent under the 25 percent the administration had originally floated.
“The President has been clear that he and his government will continue to take measures to China’s unfair trade practices,” the White house said in a statement Friday. “We encourage China to address the longstanding concerns of the United States.”
China and the US imposed 25 percent tariffs on $ 50 billion of each other’s goods. This week, the United States invited China to discussions about the collective bargaining dispute.
“In fact, we have an invitation from the US-side. We welcome it,” a Chinese foreign Ministry spokesman told The Associated Press. “Now, the two sides are in communication on relevant details.”
Messenger in August, met in Washington, but there was no progress. The magazine reported that the Chinese had hoped that a final decision on the tariffs would be delayed until after the next round of talks.
China has threatened to retaliate against $ 60 billion of American products, if Trump continues with his rates.
Fox Business’ Edward Lawrence and The Associated Press contributed to this report.
John Roberts is currently the chief White House correspondent for FOX News Channel (FNC). He joined the network as a senior national correspondent in January 2011, based in the Atlanta office.