President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200 billion of Chinese goods will increase to 25% from 10%.
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President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200 billion of Chinese goods will increase next week to 25% from 10%.
“The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump wrote in the surprise announcement.
He also threatened that the U.S. will impose 25% tariffs on another $325 billion of Chinese goods, just days after Vice President Mike Pence told CNBC that Trump was hopeful he could hammer out a deal with China.
Here are Trump’s tweets:
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