Trump warns China of substantial increase in import tariffs
Washington: US President Donald Trump Friday warned of imposing substantial tariffs on imports from China if the trade negotiations does not go well.
“China has to do a lot of things to turn it around. But you’ll be seeing. They’ve got to do a lot of things. It (tariff increase) goes on September 1,” Trump said a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion.
This is in addition to the 25 per cent import tariff on Chinese products worth USD 250 billion.
The next round of the US-China trade talks is scheduled for September.
“Frankly, if they don’t do, I can always increase it very substantially. In other words, I could increase it — if I wanted to, I could increase it to a very much higher number,” he said.
KV Online
