Business Standard

Trump administration adds to China trade pressure with higher tariff plan

Two Trump administration officials told reporters on a conference call that Trump remains open to communications with Beijing

Donald Trump
Premium

President Donald Trump looks into the crowd as he addresses supporters at Tampa Bay Technical High School in Tampa | Photo: Reuters

Reuters
US President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 per cent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday.

US Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10 per cent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods.

“The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behaviour and adopt policies that will

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in