President Donald Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods.
Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has shaken financial markets and cast gloom over the world economy.
Trump turned up the heat by saying he would raise import taxes on $200 billion in Chinese products to 25% from 10% on Friday.
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4 comments:
There goes your Dollar Tree and Wal-Mart stock.
Macy's, McDonald's, you name it. They all use made in China whether it is spelled out or not. About time.
Tariffs = taxes. It is the middle class that will pay this as you washing machine and solar panels increase in price. SO goes you big tax decrease . What a joke
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