Tuesday, June 19, 2018

Trump Threatens Tariffs on Another $200 Billion of Chinese Imports

More trade war escalation from the dumb mercantilist.

Donald Trump has ordered his administration to draft plans for tariffs on a further $200bn in Chinese imports if Beijing does not abandon its intention to retaliate against US duties on imports announced last week, reports the Financial Times.

In a statement issued late on Monday, Trump said he had asked US trade officials to identify the further $200bn in goods from China to be subject to a 10 per cent tariff, and that he was prepared to impose tariffs on an additional $200bn beyond that.

China’s commerce ministry claimed the threat was “blackmail” and warned of “strong countermeasures”.


No comments:

Post a Comment