Washington – President Donald Trump announced on Sunday that the UnitedStates would raise tariffs on $200 billion of Chinese goods from 10 to 25percent, complaining of a lack of progress in trade talks.
“The Trade Deal with China continues, but too slowly, as they attempt torenegotiate. No!” tweeted Trump.
“For 10 months, China has been paying Tariffs to the USA of 25% on 50Billion Dollars of High Tech, and 10% on 200 Billion Dollars of othergoods,” Turmp tweeted.
“The 10% will go up to 25% on Friday,” he said.
The two sides have imposed tariffs on $360 billion in two-way trade sincelast year but Trump and Chinese leader Xi Jinping agreed to a truce inDecember to refrain from further escalation. -APP/AFP