[ad_1]
Investments / Markets
Donald Trump said on Monday that it is "highly unlikely" that he is freezing the planned $ 200 billion tariff increase on imports from China just a few days from a summit with his Chinese counterpart.
In an interview at Wall Street Journal, the US president has also reiterated its threat to impose additional taxes on 267 billion dollars of Chinese products imported to the United States which, for the moment, escape the commercial war triggered by the occupant of the White House .
"If there is no agreement, I will (tax) the remaining 267 billion" to 10 or 25%, he said in the daily business, while remaining vague on the calendar of this eventual escalation in the trade dispute with China.
US taxes could rise to 25%
Unhappy with the United States' trade deficit with China but also with Beijing's commercial practices, which he considers "unfair", Mr. Trump announced on September 17 a 10% tax on Chinese goods imported into the United States at a height of $ 200 billion. He said in the wake indicated that the tax would increase to 25% on January 1, 2019.
Beijing has already responded by imposing its own tariffs on products imported from the United States.
According to the business daily, Beijing wants to convince Washington not to switch to 25% tariffs.
Donald Trump is scheduled to meet Xi Jinping on the sidelines of the G20 summit in Buenos Aires this weekend.
Beijing wants to "solve problems"
"We hope to find ways to solve the problems, working in mutual respect, balance, honesty and mutual benefit," Wang Shouwen, deputy minister of trade, said on Friday. press in Beijing.
Increasingly high tariffs on products imported from China are forcing many US companies to re-evaluate their location. A reflection that the President calls his wishes.
"What I would advise them to do is build factories in the United States and manufacture their products here," he said.
Tax iPhone made in China
Mr. Trump unintentionally caused Monday the decline of Apple stock on the stock market indicating that it could eventually go as far as taxing iPhone or laptops made in China. He remained vague, saying that "10% is very easily bearable for everyone".
Apple's stock was down nearly 1.6% after closing as it ended the session up 1.35% before Trump spoke.
Source link
