Trump calls for tariffs on additional $200B in Chinese goods as trade war ramps up
Trump on Monday said he is directing his top trade official to identify $200 billion more worth of Chinese goods that will be subject to tariffs, escalating the ongoing trade dispute between the U.S. and China.
Trump said Monday that China's decision to retaliate in kind against his first batch of $50 billion in tariffs — announced on Friday — required a U.S. response to encourage China to change its unfair practices.
"China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," Trump said in a statement.
The president asked U.S. Trade Representative Robert Lighthizer to find $200 billion worth of Chinese goods that would be hit with a 10 percent import tax.
"After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," Trump said.
"If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods," he said. "The trade relationship between the United States and China must be much more equitable."
http://thehill.com/policy/finance/392906-trump-directs-trade-representative-to-prepare-tariffs-on-additional-200?userid=229233
Does that include Ivanka stuff?
= new reply since forum marked as read
