Trump: China Tariffs to Increase to 25% Friday

May 5, 2019 11:43 AM
 
President Donald Trump plans to to implement the previously delayed tariff increases on Chinese goods on Friday, raising tariffs from 10% to 25% on $200 billion worth of goods.

President Donald Trump plans to to implement the previously delayed tariff increases on Chinese goods on Friday, raising tariffs from 10% to 25% on $200 billion worth of goods.

The president voiced frustration with the pace of trade negotiations in a pair of Tweets announcing the tariff implementation:

 

Chinese media has reported that Chinese President Xi Jinping was prepping for a face-to-face meeting with President Trump in the U.S. in June. China plans to have a team of 100 trade negotiators in Washington this week.

The tariff increases were slated to go into affect March 1, but Trump opted to delay their implementation twice to allow negotiators room to finalize a comprehensive trade deal between the two nations.

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Comments

 
Spell Check

Farmer
Mission, KS
5/5/2019 07:55 PM
 

  Well, he's done it again. Prices are dropping fast after another tweet from the president about tariffs on China. We/re losing money. Again. If you still support Trump, you must have deeper pockets than I do.

 
 
Farmer
South Bend, IN
5/5/2019 09:43 PM
 

  Trump is just a spoiled idiot with a big mouth. Why would anyone follow this fake orange celebrity is beyond me..

 
 
Rod
HOLLOWAY, MN
5/5/2019 10:55 PM
 

  Just when it seems there is a little life in commodity markets, that idiot, I won't give him the credit of calling him president, because he doesn't deserve that title, messes with things again. I think he gets great satsifaction throwing his weight around! Really doesn't care who's livelihood he's ruining.

 
 

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