Trump 'Likely' To Announce New China Tariffs As Early As Monday

Charlene Craig
September 18, 2018

The tariffs come as a number of top White House advisers have been trying to de-escalate tensions between Trump and Chinese leader Xi Jinping. -China talks would delay the duties.

The Trump administration imposed the first tariffs of $34bn on Chinese imports in July.

With $50 billion tariffs already imposed, the total amount of tariffs against China would climb to $517 billion - slightly more than U.S.'s imports from China previous year which stood at $505 billion.

China responded by imposing tariffs on USA products like beef and soybeans, a response that spooked the US agriculture industry and angered Trump and other White House officials.

A US team of Trump administration officials led by Treasury Secretary Steve Mnuchin still plans to hold meetings with a Chinese delegation led by Vice Premier Liu He September 27-28 in Washington, DC.

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The Trump administration is preparing to activate tariffs on $200 billion worth of Chinese goods, hitting a broad array of internet technology products and consumer goods from handbags to bicycles to furniture.

China's Foreign Ministry said it welcomed the invitation, but Trump later raised questions about it, saying on Twitter that he was under no pressure to make a deal with Beijing and that the United States "will soon be taking in Billions in Tariffs & making products at home".

Trump was asked during the meeting whether he was concerned about the impact of the new tariffs on negotiations with China.

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A U.S. Treasury spokesman did not respond to requests for comment.

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"The President has been clear that he and his administration will continue to take action to address China's unfair trade practices", said Walters.

Earlier this year, the U.S. also started charging levies on the imports of steel and aluminium from the European Union, Mexico and Canada. Mnuchin has led a recent overture to the Chinese to restart trade talks.

The move came as both countries implemented tariffs this summer on $50 billion worth of goods from the other.

"We have indeed received an invitation from the USA side". This is below the 25 percent the administration said it was considering for this possible round of tariffs.

Trump has said the tariffs are necessary to punish Beijing for what he says are its unfair trade practices and intellectual property theft.

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