President Donald Trump tweeted Sunday that tariffs on $200 billion of Chinese imports will jump from 10% to 25% this week.
President Donald Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods.
Trump’s comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has shaken financial markets and cast gloom over the world economy.
Trump turned up the heat by saying he would raise import taxes on $200 billion in Chinese products to 25% from 10% on Friday. He’s twice pushed back deadlines — in January and March — to raise the tariffs in a bid to buy more time for a negotiated settlement.
But on Sunday, Trump, who has called himself a „tariff man,“ said he’s losing patience. „The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!“ Trump tweeted.
The two countries are locked in a high-stakes dispute over China’s push to establish itself as a technological superpower.
