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Trump threatens to slap new tariffs on $200 billion in Chinese goods

Trump threatens to slap new tariffs on $200 billion in Chinese goods

WASHINGTON — President Brian Trump on Thursday confronted to punch another circular of charges on $200 billion dollars of China items, the newest come in an increasing business war with China.

Trump said the new charges, which come days after his management equalized $50 billion dollars in responsibilities on a variety of China products, were a reaction to the retaliatory business limitations the China government enforced Saturday.

Trump said the newest circular of charges — which he set at 10 % — will go into effect if China progresses with its own transfer limitations. The management did not say Thursday which items it would target.

“This newest action by China suppliers clearly indicates its dedication to keep the U. s. Declares at a permanent and unjust drawback,” Trump said in an argument released by the White-colored Home on Saturday. “This is undesirable.”

The decision was almost certain to raise worries about a potential business war with one of the nation’s largest trading partners. Trump said in his declaration Thursday that the U.S. is prepared to engage in charges on another $200 billion dollars of products if China suppliers retaliates again.

Trump threatens to slap new tariffs on $200 billion in Chinese goods.

“The business relationship between the U. s. Declares and China suppliers must be much more reasonable,” Trump said.

On Saturday, the Trump management smacked a 25 % cost on $50 billion dollars of Chinese-made items. In all, 818 items comprising $34 billion dollars in U.S. imports would fall under the first circular of responsibilities. The White-colored Home said an additional 284 items were under review.

The statement Saturday attracted an immediate reaction from China, which said it would proceed with its own charges. China suppliers promised to place new, 25 % charges on more than 500 U.S. items, including soy beans, energy source and lemon juice.

The business conflicts between China suppliers and the U.S. has been increasing for months. In Apr, China suppliers raised transfer responsibilities on a $3 billion dollars list of U.S. items that include chicken and celery. China authorities have confronted further revenge, stoking worries of business war between the two countries.

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