Trump threatens tariffs on all imports from China


Trump threatens tariffs on all imports from China

The company is concerned, however, about the Trump administration's proposal to add 25 per cent duties on another $US200 billion in Chinese goods, including a wider assortment of consumer-related items.

But the tariffs do not appear to have dented the appetite for Chinese-made products in the United States. The president says he believes that narrowing the trade gap will bring jobs to the United States, even though it could spark higher inflation.

It would also be in addition to tariffs his administration has already imposed on $50 billion in Chinese imports, for which Beijing has retaliated with an equal amount of import taxes on US goods.

He recommended that Apple start building plants and move production of Apple products to the United States instead of China.

Global exports increased by 9.8 percent while its imports rose by 20 percent compared to the same month previous year, according to customs data.

But he told reporters traveling with him to Fargo, North Dakota that "behind that, there's another $267 billion ready to go on short notice if I want".

Implementing both sets of tariffs would subject virtually all USA imports from China to new duties as the world's two largest economies escalate their trade war over Trump's demands that Beijing make major economic policy changes.

The deadline for public comment on the next wave of punitive taxes on $200 billion of annual imports from China expired Thursday, so Trump could impose the tariffs immediately.

The trade war the president has initiated between the world's two largest economies stems from concerns that China has deployed predatory tactics - including cyber-theft - to try to supplant America's technological supremacy.

Trump tweeted on Saturday that "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive".

But businesses warn there are other ways China can strike back, through regulations and other administrative means.

The last effort at a negotiated solution came in late August with meetings between low-level officials, but nothing came of it.

"If the USA dogmatically implements any new tariff measures against China, China will have to take the necessary countermeasures", commerce spokesman Gao Feng told reporters.

"To a certain extent, it's going to be up to China", the president said Friday.



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