President Donald Trump has announced that the United States would raise tariffs on 200 billion dollars of Chinese goods from 10 to 25 %, because trade talks are moving “too slowly.”
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Background: The two sides have imposed tariffs on 360 billion dollars in two-way trade since last year but Trump and Chinese leader Xi Jinping agreed to a truce in December to refrain from further escalation.
Recent announcement by Donald Trump: Trade deal with China is going too slowly. 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. He added that the 10 % will go up to 25 %.
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