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US President Donald Trump is now considering a 25% tax on 200 billion imported Chinese goods, against 10% mentioned so far, in the middle of a commercial battle with Beijing, which he has been accusing for decades. months of "unfair" practices, reports the Washington Post Tuesday.After imposing import taxes on washing machines, solar panels, steel and aluminum and already $ 34 billion in Chinese products, Washington announced on July 10 a new list of targeted products, covering $ 200 billion worth of Chinese goods. He then threatened 10% taxes but now plans to increase this figure to 25%, writes the Washington Post, citing an anonymous source. The markets were however rebadured Tuesday, supported by the hope of a resumption of trade negotiations between the United States and China. They had responded positively to Bloomberg reports that representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He were in talks to look for ways to resume negotiations. In 2017, the United States has a trade deficit of $ 376 billion with China, which they are determined to reduce. In addition to this trade deficit, Washington blames Beijing for the transfer of US technology imposed when US companies form joint ventures with the Chinese to do business in the Chinese market. The Republican president has recently threatened to impose punitive taxes on all Chinese imports, which accounted for more than $ 500 billion in 2017. (Belga)
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