Vastavam web: United States President Donald Trump has ordered his top officials to begin the process to raise tariffs on almost all the imports from China, US Trade Representative Robert Lighthizer said Friday. This amounts to about USD300 billion. This is in addition to the Chinese imports worth USD200 billion on which Trump increased the import duty from 10 percent to 25 percent, beginning Friday.
“Earlier today, at the direction of the President, the United States increased the level of tariffs from 10 percent to 25 percent on approximately $200 billion worth of Chinese imports,” Lighthizer said.
“The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately USD300 billion,” he said.
In a series of tweets, Trump described the talks as candid and constructive, but indicated taking a tough approach against massive imbalance of trade with China. “Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries,” he said.
“The relationship between President Xi and myself remains a very strong one, and conversations into the future will continue,” he added. “In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!” Trump said.
“If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!” Trump said.
Referring to his latest direction, Trump said that the process has begun to place additional Tariffs at 25 percent on the remaining 325 Billion Dollars. “The US only sells China approximately 100 Billion Dollars of goods and products, a very big imbalance,” he said.
“With the over 100 Billion Dollars in Tariffs that we take in, we will buy agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance. In the meantime, we will continue to negotiate with China in the hopes that they do not again try to redo deal!” said the US President.