Re­port: Trump go­ing ahead with plans for new China tar­iffs

Daily Local News (West Chester, PA) - - NEWS -

WASH­ING­TON » Pres­i­dent Don­ald Trump is go­ing ahead with plans to im­pose new tar­iffs on about $200 bil­lion of Chi­nese im­ports, The Wall Street Jour­nal re­ported Satur­day.

Both sides were prepar­ing to hold new talks on their tar­iff dis­pute. Last week Trump told re­porters such a move could come “very soon.”

The Jour­nal cited un­named peo­ple fa­mil­iar with the mat­ter who said the tar­iff level will likely be set at about 10 per­cent, be­low the 25 per­cent an­nounced ear­lier this year.

The two gov­ern­ments have al­ready im­posed 25 per­cent tar­iffs on $50 bil­lion of each other’s goods. Bei­jing has is­sued a list of an­other $60 bil­lion of Amer­i­can prod­ucts for re­tal­i­a­tion if Trump’s next tar­iff hike goes ahead.

White House spokes­woman Lind­say Wal­ters de­clined com­ment on the tim­ing of a pos­si­ble an­nounce­ment, but said: “The Pres­i­dent has been clear that he and his ad­min­is­tra­tion will con­tinue to take ac­tion to ad­dress China’s un­fair trade prac­tices. We en­cour­age China to ad­dress the long stand­ing con­cerns raised by the United States.”

The Chi­nese for­eign min­istry said Thurs­day that it was in­vited to hold new talks. En­voys from the two coun­tries last met Aug. 22 in Wash­ing­ton but re­ported no progress.

Bei­jing has re­jected pres­sure from the United States to roll back plans for state-led de­vel­op­ment of Chi­nese global cham­pi­ons in robotics, ar­ti­fi­cial in­tel­li­gence and other fields.

Wash­ing­ton, Europe and other trad­ing part­ners say those plans vi­o­late China’s mar­ket-open­ing com­mit­ments. Amer­i­can of­fi­cials also worry they might erode U.S. in­dus­trial lead­er­ship.

Fore­cast­ers have warned that the wors­en­ing con­flict be­tween the world’s two big­gest traders could cut up to 0.5 per­cent­age point off global eco­nomic growth through 2020 if all threat­ened tar­iff hikes go ahead.

China has tried with­out suc­cess to re­cruit Ger­many, France, South Korea and other gov­ern­ments as al­lies against Wash­ing­ton. Some of them have crit­i­cized Trump’s tac­tics but many echo U.S. com­plaints about Chi­nese mar­ket bar­ri­ers and in­dus­trial strat­egy.

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