Abb Takk News
News Ticker TRENDING World

Trump Imposes More Taxes On Chinese Products

WASHINTON: Trade-War between the Washington and Beijing intensified as United States (US) government imposed more taxes on Chinese products.

The move came less than a day after Washington hit Chinese imports to the US worth about $200 billion (€178 billion) annually. The new increase applies to an even greater value of goods – put at about $300 billion.

US Trade Representative Robert Lighthizer said in a statement that Trump had “ordered us to begin the process of raising tariffs on essentially all remaining imports from China.”

Chinese and US representatives met in Washington over two days, ending on Friday, with plans for further talks to be held in China. Trump tweeted that there was “no need to rush” to get a deal on Friday. He added that the tariffs “may or may not be removed depending on what happens with respect to future negotiations.”

A range of consumer products — including cell phones, computers, clothing and toys — were hit by the tariff rate increases from 10% to 25% on Friday. Auto parts were also included.

US authorities have said the tariff rate will not apply to goods that have already left China’s ports.

Shipping goods from China to the US takes between three and four weeks, so the caveat gives the negotiators extra time to overcome the crisis.

Trump announced the initial set of tariff hikes on Sunday, expressing frustration with the pace of the talks.

Chinese officials responded by vowing that they would take the “necessary countermeasures.”