Advertisement

Trade wars: Donald Trump announces higher tariffs on Chinese goods; more products will face additional tax ahead of talks

US President Donald Trump raised pressure on China over trade negotiations on Sunday by saying US tariffs on certain Chinese products will increase to 25 percent on Friday and that more Chinese goods will face additional tariffs.

Advertisement
|May 06, 2019, 08:46:56 IST
Washington: US President Donald Trump raised pressure on China over trade negotiations on Sunday by saying US tariffs on certain Chinese products will increase to 25 percent on Friday and that more Chinese goods will face additional tariffs.
"For 10 months, China has been paying tariffs to the USA of 25 percent on 50 billion dollars of high tech, and 10 percent on 200 billion dollars of other goods," Trump wrote on Twitter."The 10 percent will go up to 25 percent on Friday. 325 billions dollar of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25 percent," he added.
Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
No Spam. Unsubscribe Any Time.
First Published:May 06, 2019, 00:06:19 IST
Advertisement
Advertisement
Trending Stories

As Pakistan eyes American dollar for Iran mediation, economists sound the alarm: ‘It can buy time, not growth’

Pakistan is reportedly seeking billions in US support after claiming a role in easing US-Iran tensions, but economists warn fresh funding would offer only temporary relief without deep structural economic reforms.
2 min read
Advertisement
Advertisement
Up Next