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Trump instructs aides to proceed with US$200-billion in new tariffs on Chinese products 6park.comWASHINGTON 6park.comREUTERS 6park.comPUBLISHED SEPTEMBER 14, 2018 6park.comUPDATED 28 MINUTES AGO 6park.comU.S. President Donald Trump has instructed aides to proceed with tariffs on about US$200-billion more of Chinese products, a source familiar with the process said on Friday, adding that the timing is not yet clear. 6park.comAn earlier Bloomberg report on Friday that Trump was moving ahead on the tariffs despite Treasury Secretary Steven Mnuchin’s attempts to restart talks with China on resolving the trade war had an immediate effect on financial markets, leading U.S. stocks to reverse course and trade lower. 6park.comThe step comes one week after Trump raised the possibility of duties on the US$200-billion of imports and also threatened tariffs on another US$267-billion worth of goods. Trump has already levied duties on US$50-billion worth of Chinese goods. 6park.comThe United States imported only US$505-billion in goods from China last year. But 2018 imports from China through July were up nearly 9 per cent over the same period of 2017, according to U.S. Census Bureau data. 6park.comhttps://www.theglobeandmail.com/business/article-report-says-trump-has-instructed-aides-to-proceed-with-us200-billion/ | |||
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