(Worthy News) – U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war.
Trump’s move would subject about $300 billion worth of Chinese imports to punitive tariffs, U.S. Trade Representative Robert Lighthizer said in a statement.
Lighthizer said a final decision has not been made on the new duties, which would come on top of an early Friday tariff rate increase to 25% from 10% on $200 billion worth of Chinese imports. [ Source: Reuters (Read More…) ]
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