Friday, April 06, 2018

Trump seeks an additional $100 billion in tariffs against China in escalation of trade confrontation

 resident Donald Trump ordered his chief trade negotiator to consider imposing tariffs on an additional $100 billion of Chinese products Thursday, in a dramatic escalation of his trade war with China. The threat from Trump is the latest volley between the White House and Beijing in an exchange of trade attacks that continue to broaden in scope and severity. Trump's latest move would impose tariffs on a significant share of imported Chinese goods that enter the United States - $505.6 billion last year. It comes a day after China issued a list of tariffs against $50 billion in U.S. goods, including soybeans and small aircraft, in response to recent actions from Trump. "Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers," Trump said in a statement Thursday evening.

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