Trump threatens tariff hike for some Chinese goods and new additional tariffs

Monday, 06 May 2019 12:10:18 (GMT+3)   |   Istanbul

US President Donald Trump is planning to increase the tariffs on $200 billion worth of Chinese goods by the end of this week.

Trump tweeted that for 10 months China has been paying 10 percent on $200 billion worth of goods and this will go up to 25 percent on Friday, May 10. He also said that a 25 percent duty will be imposed “shortly” on an additional $325 billion worth of goods imported from China. He stated that the trade talks with China are continuing, but moving very slowly, as China attempts to renegotiate.

In late February, the US delayed the tariff increase on $200 billion worth of Chinese goods, which was planned if the two parties failed to reach an agreement by March 1.

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