Mr. Trump ordered further tariffs on $300 billion of Chinese goods

Mr. Trump ordered further tariffs on $300 billion of Chinese goods 0

Mr. Trump ordered further tariffs on $300 billion of Chinese goods

(Dan Tri) – After the US and China ended two days of negotiations without reaching an agreement, US President Donald Trump directed to begin the process of imposing tariffs on `all remaining Chinese imported goods`.

US President Donald Trump (Photo: Reuters)

RT news agency quoted US Trade Representative Robert E. Lighthizer as saying that the US is considering imposing taxes on all goods imported from China.

Mr. Lighthizer said that President Trump has decided to impose additional tariffs on $300 billion of Chinese goods.

`The President has instructed us to begin the process of increasing tariffs on all remaining goods imported from China,` Mr. Lighthizer said.

Also according to Mr. Lighthizer’s announcement, US officials will announce details of this tax plan on the US Trade Representative’s home page early next week (May 13) and notify the Federal Registration Authority.

The above information was released after the US and Chinese delegations ended two days of trade negotiations in Washington on May 9-10.

Commenting on Twitter immediately after the meeting, Mr. Trump wrote: `The past two days the US and Chinese delegations have had frank, constructive discussions on the trade relationship between the two countries.

The White House owner also emphasized that he is `not in too much of a hurry` to reach a trade agreement with China because the US economy will gain more benefits than any agreement.

Previously, at the end of the first day of negotiations, the Trump administration officially approved an order to double tariffs on 200 billion USD of Chinese goods from 10% to 25%.

China spoke up

Mr. Trump ordered further tariffs on $300 billion of Chinese goods

Chinese Vice Premier Liu He (Photo: Reuters)

In an interview with the press after two days of negotiations, Chinese Vice Premier Liu He described the discussions between the Chinese and US delegations as `constructive` and `frank` and the two sides agreed to continue

`The negotiations did not break down. I think that a few problems are normal and unavoidable in the negotiation process between the two sides. We are still cautiously optimistic about future negotiations,`

On the other hand, Mr. Liu also emphasized that China opposes the recent US decision to increase tariffs on Beijing’s goods and that China will be forced to respond.

Meanwhile, Chinese media has pointed out three main differences in the US-China trade negotiations, including: removing all additional tariffs on Chinese goods, differences in trade procurement, and differences in trade negotiations.

`China will not back down under US pressure and will not compromise on issues of principle. China has called for the removal of all additional tariffs targeting Chinese goods. China also requests the

US-China trade tensions escalated after Mr. Trump took office in early 2017. Mr. Trump said that the reason the US has a large trade deficit with China is due to North Korea’s `unfair` trade practices.

Starting from July last year, the Trump administration began implementing a series of tax policies on goods imported from China, and Beijing also responded by imposing taxes on imported goods from the US.

Minh Phuong

According to RT

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