Trump jacks up tariffs on Chinese imports in latest tit-for-tat
WASHINGTON, Aug 23 (Reuters) - President Donald Trump said
on Friday the United States would subject Chinese imports to an
additional 5% tariff in response to what he called a politically
motivated move by China to impose tariffs on $75 billion worth
of U.S. exports.
"Sadly, past Administrations have allowed China to get so far
ahead of Fair and Balanced Trade that it has become a great
burden to the American Taxpayer," Trump said on Twitter. "As
President, I can no longer allow this to happen!"
He said the United States would raise its tariffs on $250
billion worth of Chinese imports to 30% from the current 25%
beginning October 1.
At the same time, he announced an increase in the planned
tariffs on the remaining $300 billion worth of Chinese goods to
15% from 10%. The United States will begin imposing those
tariffs on some products starting September 1, but tariffs on
about half of those goods have been delayed until December 15.
(Reporting by David Lawder and David Shepardson; Writing by Tim
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