President Trump on Sunday said tariffs on $200 billion of goods from China will rise to from 10 percent to 25 percent on Friday, and threatened to to impose 25 percent tariffs on an additional $325 billion of Chinese goods “shortly.”
“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods,” Trump tweeted. “These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday.”
The White House on Wednesday said the U.S. and China were making “substantial progress” in their ongoing trade negotiations, and reports had indicated that the countries were circling an agreement.
The president on Sunday wrote that the trade deal “continues, but too slowly, as they attempt to renegotiate.”
“No!” he wrote.
He pledged to begin taxing “325 Billions Dollars … of additional goods sent to us by China … at a rate of 25%.”
……..
- Discussion
-
#BREAKING: Trump says tariffs on $200 billion of Chinese goods will rise to 25 percent https://t.co/UR62Fn4aAY pic.twitter.com/U4HS1KIYgZ
— The Hill (@thehill) May 5, 2019
“For 10 months, U.S. consumers have been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods,”
Gee thanks Donnie. Now whatever I want to buy will cost more. Making America great again. huh? More like destroying America by driving businesses and consumers into bankruptcy.
Meanwhile, I have yet to see China cave. Seems to me they are probably laughing their *bleeps* off.
Free market conservatives do not support this move.
This is a tax hike on American citizens and businesses.
Only a nationalist populist with no belief in free market capitalism or people who like tax increases support this. https://t.co/GV4Z7BoOxr— David Biddle (@davidebiddle) May 6, 2019
You must be logged in to reply to this topic.