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Trump threatens to hike tariffs on $272 billion of China goods, escalating tension in trade talks

2019-05-06 09:50:32       source:The Straits Times

May 6, 2019


WASHINGTON - President Donald Trump threatened on Sunday (May 5) to raise tariffs on billions worth of Chinese goods and slap new taxes on billions more, ramping up pressure on China to reach an agreement at the latest, and possibly final, round of trade talks this week.


The tougher stance, which would cover almost all Chinese exports to the United States, comes days ahead of the Beijing trade delegation’s arrival in Washington and is calculated to compel China to reach an agreement without delay, said trade watchers and analysts.


Said Mr Trump on Twitter: “The trade deal with China continues, but too slowly, as they attempt to renegotiate. No!”


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https://www.straitstimes.com/world/united-states/trump-announces-higher-us-tariffs-on-china-goods-starting-friday