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Tariffs on Chinese goods to rise to 25 per cent as Trump stokes trade war
By Nathan Crooks and Mark Niquette
Tariffs on $US200 billion worth of Chinese imports to the United States will increase from 10 per cent to 25 per cent on Friday as US President Donald Trump ups the ante in his trade war with Beijing.
US President Donald Trump has piled more pressure on China over a trade deal.Credit: AP
Trump warned on Sunday that another $325 billion in goods would shortly also attract tariffs, though he failed to give details.
The increases are seen as a warning to China ahead of what may be a closing round of trade deal talks in Washington this week.
Trump suggested on Twitter that he was not satisfied with the pace of progress in the negotiations with Beijing.
Chinese President Xi Jinping's top trade envoy, Liu He, returns to Washington this week for what could be a closing round of trade talks. The White House has ramped up pressure to reach a deal, warning it could still walk away from the months-long negotiations.
Trump and the Chinese President will decide after the negotiations whether they'll meet to sign off on a pact, White House spokeswoman Sarah Sanders said on Thursday.
The US President imposed duties of 25 per cent on an initial $US50 billion of Chinese goods last year and then 10 per cent on an additional $US200 billion in products. Those duties were set to rise to 25 per cent on March 1, but Trump delayed that as talks continued.
Trump also said that tariffs paid by China were "partially responsible for our great economic results," although he said companies that imported Chinese goods, not China itself, paid the bulk of the additional costs.
Bloomberg