Trump administration confirms plan to raise China import tariff to 25 per cent
2018-08-02 10:10:37 source：Straits Times
August 2, 2018
WASHINGTON/BEIJING (REUTERS) -- United States President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 per cent tariff on US$200 billion (S$270 billion) worth of Chinese imports, his administration said on Wednesday (Aug 1).
US Trade Representative (USTR) Robert Lighthizer said Trump directed the increase from a previously proposed 10 per cent duty because China has refused to meet US demands and has imposed retaliatory tariffs on US goods.
"The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behaviour and adopt policies that will lead to fairer markets and prosperity for all of our citizens," Lighthizer said in a statement.
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