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Trump China threatens with more import taxes
The trump administration announces an escalation in the trade battle with China, the customs duties on up to 200 billion dollars in Chinese imports; rich Edson reports from the State Department.
President Trump announced Monday that he had ordered the introduction of the 10-percent tariffs on an additional 200 billion dollars worth of Chinese goods starting next week.
The rates rise by 25 percent on Jan. 1 of next year. Trump added that if the government responds in Beijing, he would keep track of tariffs on another $267 billion in imports.
“As President, it is my duty to protect the interests of the working men and women, farmers, farms, businesses, and our country,” Trump said in a statement. “My government will not remain idle when these interests are under attack.”
If the administration pursues what it calls “phase three” of the tariff strategy, it would have been an increase in the total value of the concerned Chinese goods to $517 billion — for almost everything that China sells to the United States.
The rates have been flowing to the United States in a very strong negotiating position, with billions of dollars, and the jobs in our country – and costs have increased almost imperceptibly. If the countries do not deal fairly with us, they Tariffed be “!”
— Donald J. Trump (@realDonaldTrump) September 17, 2018
Trump has already imposed 25 percent tariffs on $ 50 billion in Chinese goods. China has retaliated in kind, hitting American soy beans, among others, were in a shot, the President the Fans in the U.S. farm belt. Beijing warned that it is an additional $would rates hit 60 billion in American products, when Trump ordered more.
After a seven-week period for the opinion of the administration, announced that they had withdrawn several items from a previous list of 200 billion dollars in Chinese imports, including child safety products such as Bicycle helmets. And a victory for Apple Inc. and his American customers, the station management, smart watches, and a few other consumer-electronics products from the list of imported goods from China.
At the same time, the administration said that the negotiations with China is still open.
SHARES FALL FOLLOWING TARIFF THREAT
“China has had many opportunities to fully address our concerns,” Trump said. “Once again, I appeal to China’s leaders to act quickly, the unfair trade practices, to the end of their country.”
The two countries argue about Beijing’s ambitions to supplant American technological superiority. The office of the U.S. trade representative charged in a March report that China with predatory tactics to steal foreign technology, including hacking U.S. companies on trade secrets and force them to turn over their know-how in exchange for access to the Chinese market.
Trump also has a massive trade complained about America’s deficit — $336 billion last year with China, its largest trading partner.
In may, in fact, it looked short, as if the Minister of Finance, Steven Mnuchin, and Chinese Vice-Premier Liu He had a weapons-mediated built still stand to buy the Chinese promises enough of American farm products and liquid natural gas, a dent in the trade balance deficit. But Trump rest quickly backed away from the weapons.
CHINA WEIGHS SKIPPING-US TRADE TALKS
In the first two rounds of the rates, the try of the trump management was anxious to spare taxes to the consumer from the direct impact of the import. The charges focused on industrial products, not to buy things that the Americans are in the supermarket or on Amazon.
By expanding the list to 200 billion dollars worth of Chinese imports, Trump the risks of the spread of the pain to ordinary Americans. The management of a variety of products-from sockeye salmon on bamboo mats — forcing US to climb the company, for suppliers outside of China, absorbing the import taxes or pass the burden to their customers.
The Associated Press contributed to this report.