Tag: War & Trump

Donald Trump plans to hit China with tariff hike; Wall Street sinks amid trade fears – ABC News (Australian Broadcasting Corporation)

US President Donald Trump has sought to ratchet up pressure on China for trade concessions by proposing a higher 25 per cent tariff on $US200 billion worth of Chinese imports, his administration says.

US Trade Representative Robert Lighthizer said Mr Trump directed the increase — from a previously proposed 10 per cent duty — because China has refused to meet US demands and has imposed retaliatory tariffs on US goods.

US President Donald Trump points a finger straight ahead

via Donald Trump plans to hit China with tariff hike; Wall Street sinks amid trade fears – ABC News (Australian Broadcasting Corporation)