Mexican Media Brands
Trump Threatens to Hike Tariffs on Chinese Goods
President Donald Trump, who a week ago was bullish on a trade deal with China by mid-May, now says he will hike tariffs on $200 billion worth of China on Friday because the talks are moving too slowly.
#economics
Share
President Donald Trump, who a week ago was bullish on a trade deal with China by mid-May, now says he will hike tariffs on $200 billion worth of China on Friday because the talks are moving too slowly.
The U.S. began levying tariffs on Chinese goods last July. The current rates are 25% on certain high-tech Chinese products and 10% on $200 billion worth of other exports from China.
Trump’s threat would raise tariffs on the latter group of goods to 25%. The administration originally intended to do that in January. But it agreed in December to postpone the increase when China and the U.S. pledged to resume trade talks.
Reports say the White House is becoming frustrated by China’s move to renegotiate some commitments made earlier in the bargaining process. BBC News says the two sides also are stuck on how to enforce a trade deal and when—or if—existing protective tariffs would be lifted after agreement is reached.
RELATED CONTENT
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.