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Just days ahead of the planned meeting with Chinese President Xi Jinping, Trump also promised to put tariffs on all remaining imports from China if the two sides failed to reach an agreement.
US President Donald Trump is scheduled to meet with Chinese leader Xi Jinping later this week to try to defuse the trade dispute between Washington and Beijing. (AFP / Johannes EISELE)
WASHINGTON: US President Donald Trump said Monday, Nov. 26 that he expected to raise punitive tariff rates on hundreds of billions on Chinese imports as planned next year.
A few days before the scheduled meeting with Chinese President Xi Jinping, Trump also promised to put tariffs on all remaining imports from China if the two sides failed to reach an agreement, according to the Wall Street Journal .
Trump has already imposed tariffs on more than 250 billion US dollars of Chinese goods – about half of the total imported each year – in order to put pressure on the country for it to change its trade rules.
"If we do not agree, then I will add another $ 267 billion," he told the paper, referring to the remaining Chinese imports that have not yet been touched by the tariffs.
"The only agreement would be that China must open its country to competition from the United States."
If it accepts additional customs duties, it would include Apple products made in China.
In September, Washington imposed tariffs of 10% on imports of 200 billion US dollars from China to convince Beijing to overturn allegations of unfair commercial practices such as the forced transfer of intellectual property and property. massive state intervention in the markets.
Tariffs are expected to rise to 25% early next year – something that US companies and markets hope to avoid.
Another US $ 50 billion is already subject to punitive tariffs of 25%.
Beijing hoped Washington would cancel the planned increase following this week's meeting between Trump and Xi.
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