Trump abruptly renews China tariffs threat ahead of upcoming trade deal

'The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!'

Chris Riotta
New York
Sunday 05 May 2019 23:21
Comments
Trump rebukes his own trade chief in awkward televised Oval Office exchange

Donald Trump has announced an increase in US tariffs on Chinese goods, saying trade negotiations with the country are going “too slowly.”

The president appeared to contradict statements from his administration suggesting trade talks with China have been going well in recent weeks.

His renewed threats suggest the US will increase tariffs on $200bn of Chinese goods from 10 to 25 per cent, after postponing the initial tariffs when officials from both countries agreed to meet for negotiations.

Mr Trump also claimed the US would soon place tariffs of 25 per cent on an additional $325bn of Chinese goods.

“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,” the president wrote in a tweet.

“325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%,” he continued. “The Tariffs paid to the USA have had little impact on product cost, mostly borne by China.”

It wasn’t immediately clear why Mr Trump was abruptly announcing new and increased tariffs over the weekend, when Vice President Mike Pence said on Friday that he was optimistic about striking a deal with Beijing.

The president concluded, “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”

White House Press Secretary Sarah Huckabee Sanders also said the two countries were closer to reaching an agreement on Wednesday.

“Discussions remain focused toward making substantial progress on important structural issues and re-balancing the US-China trade relationship,” she said.

Reports previously indicated a deal could be reached as soon as Friday, though it remains unclear how Mr Trump’s Twitter announcement may affect the negotiations.

Support free-thinking journalism and attend Independent events

The threats were just two of several tweets the president posted Sunday.

He also decried the result of the Kentucky Derby, blaming a historic overturning of the first-place title on an era of “political correctness,” and lambasted investigations into Russian interference, urging Special Counsel Robert Mueller not to testify before Congress.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in