Trump goes ahead with plans for China's new 10 percent tariffs

The tariff level will probably be set at around 10 percent, down from the 25 percent announced earlier this year. Last week, Trump told reporters that such a move could come

Trump goes ahead with China's new tariff plans of 10 percent, since Beijing plans to send senior officials to meet with Mnuchin

  • The level of the fee will probably be set at around 10 percent, below the 25 percent announced earlier this year
  • Last week, Trump told reporters that such a move could come "very soon"
  • The two governments have already imposed tariffs of 25 percent on $ 50 billion of each other's assets
  • Beijing has issued a list of another $ 60 billion of US products for retaliation if Trump's next tariff increase continues
  • Chinese Vice Premier Liu He is expected to meet with Treasury Secretary Steven Mnuchin at the talks on September 27 and 28.

Associated Press

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

Both parties were preparing to hold new talks on their tariff dispute. Last week, Trump told reporters that such a move could come "very soon."

The Journal quoted anonymous people familiar with the matter who said the level of the fee would likely be set at around 10 percent, down from the 25 percent announced earlier this year.

The tariff level will probably be set at around 10 percent, down from the 25 percent announced earlier this year. Last week, Trump told reporters that such a move could come "very soon."

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

White House spokeswoman Lindsay Walters declined to comment on the timing of a possible announcement, but said: "The president has made it clear that he and his administration will continue to take steps to address China's unfair business practices. China to address the long-standing concerns raised by the United States. "

The Chinese Foreign Ministry said on Thursday it was invited to hold new talks. The envoys of the two countries met for the last time on August 22 in Washington, but did not report any progress.

Chinese Vice Premier Liu He (pictured) is expected to meet with Treasury Secretary Steven Mnuchin at the September 27-28 talks. Depending on how the conversations go, Liu can then talk to Trump.

Chinese Vice Premier Liu He (pictured) is expected to meet with Treasury Secretary Steven Mnuchin at the September 27-28 talks. Depending on how the conversations go, Liu can then talk to Trump.

Chinese Vice Premier Liu He is expected to meet with Treasury Secretary Steven Mnuchin at the September 27-28 talks. Depending on how the talks go, Liu will be able to talk to Trump.

Chinese Vice Premier Liu He is expected to meet with Treasury Secretary Steven Mnuchin at the September 27-28 talks. Depending on how the talks go, Liu will be able to talk to Trump.

Chinese Vice Premier Liu He (left) is expected to meet with Treasury Secretary Steven Mnuchin (right) in talks on September 27 and 28. Depending on how the conversations go, Liu can then talk to Trump.

Chinese Vice Premier Liu He is expected to meet with Treasury Secretary Steven Mnuchin at the September 27-28 talks. Depending on how the conversations go, Liu can then talk to Trump.

Beijing has rejected pressure from the United States to reverse the plans for the state development of the Chinese world champions in robotics, artificial intelligence and other fields.

Washington, Europe and other trading partners say those plans violate China's market opening commitments. US officials also worry that they may erode US industrial leadership. UU

Meteorologists warned that the worsening conflict between the world's two largest traders could reduce world economic growth by up to 0.5 percentage points by 2020 if all threatened tariff increases continue.

China has unsuccessfully tried to recruit Germany, France, South Korea and other governments as allies against Washington. Some of them have criticized Trump's tactics, but many echo the US complaints. UU On the barriers of the Chinese market and the industrial strategy.

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