05-11-2019, 12:48 PM
** 05-May-2019 World View: Trump threatens sharp increase on tariffs on goods from China
Although the Trump administration has repeatedly said that the
US-China trade talks have been going well, further progress was thrown
into doubt on Sunday when president Donald Trump threatened to raise
the existing tariffs of 10% on certain Chinese goods would rise to 25%
on Friday, May 10. Other untaxed goods from China, totalling $325
billion, would also be subject to the new tariffs.
Trump issued the following tweet:
A number of analysts have expressed concern that failure of the
US-China trade talks would cause stocks to fall. It would also have a
deleterious effect on China's economy.
---- Sources:
-- Trump threatens to raise tariffs on $200bn of Chinese goods
https://www.bbc.com/news/business-48171561
(BBC)
-- Trump's tweet
https://twitter.com/realDonaldTrump/stat...5044573186
(Twitter)
Although the Trump administration has repeatedly said that the
US-China trade talks have been going well, further progress was thrown
into doubt on Sunday when president Donald Trump threatened to raise
the existing tariffs of 10% on certain Chinese goods would rise to 25%
on Friday, May 10. Other untaxed goods from China, totalling $325
billion, would also be subject to the new tariffs.
Trump issued the following tweet:
Quote: For 10 months, China has been paying Tariffs to the
USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200
Billion Dollars of other goods. These payments are partially
responsible for our great economic results. The 10% will go up to
25% on Friday. 325 Billions Dollars....
....of additional goods sent to us by China remain untaxed, but
will be shortly, at a rate of 25%. The Tariffs paid to the USA
have had little impact on product cost, mostly borne by China. The
Trade Deal with China continues, but too slowly, as they attempt
to renegotiate. No! 12:08 PM - 5 May 2019
A number of analysts have expressed concern that failure of the
US-China trade talks would cause stocks to fall. It would also have a
deleterious effect on China's economy.
---- Sources:
-- Trump threatens to raise tariffs on $200bn of Chinese goods
https://www.bbc.com/news/business-48171561
(BBC)
-- Trump's tweet
https://twitter.com/realDonaldTrump/stat...5044573186
(Twitter)
