Trump will raise tariffs on Chinese products to $ 200 billion to 25%

President Donald Trump said Sunday that tariffs on $ 200 billion worth of Chinese goods would rise to 25 percent Friday, despite repeated government statements in recent weeks that trade talks with Beijing were going well.

The duty rate applied to these products was originally set at 10%. Trump had initially threatened to raise rates early in the year, but postponed that decision after China and the United States agreed to sit down for trade talks. .

In addition, Trump has threatened to impose 25% tariffs on an additional 325 billion dollars of Chinese products "soon".

The president said the trade talks with China were continuing, but progressing too slowly as Beijing tried to renegotiate.

On Friday, Vice President Mike Pence told CNBC that Trump was hoping to reach an agreement with China.

On Wednesday, the White House said the latest round of talks had brought an agreement closer to Beijing and Washington. Sarah Sanders, Press Secretary, said: "The discussions remain focused on substantial progress on important structural issues and the rebalancing of the US-China trade relationship."

It had been reported several times that China and the United States were about to conclude a trade agreement and an agreement could be reached as early as Friday.

The main points of friction between the United States and China are theft of intellectual property and forced technology transfers. There was also disagreement as to whether tariffs should be removed or remain in place as a mechanism for implementation.