Trump to im­pose fresh tar­iffs on Chi­nese goods

Manila Times - - Business Times - AFP

WASH­ING­TON, D.C.: US Pres­i­dent Don­ald Trump has de­cided to im­pose tar­iffs on $200 bil­lion in Chi­nese im­ports and could make the an­nounce­ment in the com­ing days, US me­dia re­ported.

Cit­ing anony­mous sources, The Wash­ing­ton Post and The Wall Street Jour­nal re­ported that the tar­iffs would be set at 10 per­cent.

Trump has al­ready im­posed 25 per­cent tar­iffs on steel im­ports and 10 per­cent on alu­minum, as well as 25 per­cent on $ 50 bil­lion in goods from China.

The prospect of new tar­iffs un­der­cuts hopes of an im­mi­nent re­duc­tion in trade ten­sions be­tween Wash­ing­ton and Bei­jing.

Last Thurs­day, China wel­comed a US of­fer to hold fresh trade talks, pro­vid­ing some hope the world’s top two economies could step back from the brink of an all- out trade war.

AFP PHOTO

In this file photo taken on Au­gust 7, 2018 a truck (cen­ter) trans­ports a con­tainer next to stacked con­tain­ers at a port in Zhangji­a­gang in China’s eastern Jiangsu prov­ince. US Pres­i­dent Don­ald Trump has de­cided to im­pose tar­iffs on $200 bil­lion in Chi­nese im­ports and could make the an­nounce­ment in the com­ing days, US me­dia re­ported on Satur­day.

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