The increase in tariffs will apply to almost the whole rest of the imports from China.
The President of the United States Donald trump instructed to impose duties on products from China by another $300 billion, thus, fares will cover all of the remaining U.S. imports from China. This is stated in the statement of the U.S. representative for trade negotiations Robert Leitheiser, writes Reuters.
The US authorities have not disclosed details, but we know that the final decision on new duties is still pending. Leitheiser noted that this is due to the increase in the tariff rate on Chinese goods from 10% to 25% in the amount of about $200 billion, but what goods are subject to additional tax Robert Leitheiser also not reported. More details will be posted on the website of the United States Trade representative on may 13.
As you know, this is the second in a week of the announcement of trump to raise tariffs on U.S. imports of Chinese goods. The first was done on may 8. Two days later, on may 10, duties on importation into the United States of goods from China grew by $200 billion. the announcement was made right before the trade negotiations of the parties. The agreement between them in the end and not been concluded. Beijing said about the necessary countermeasures due to the duties of the United States.
Despite this, Donald trump and China’s Vice Premier Liu he said they would continue negotiations.
“In the past two days, the United States and China had a Frank and constructive conversation about the state of trade relations between the two countries. The United States meanwhile imposed in respect of goods from China tariffs, which depending on what happens in future negotiations, may or may not be removed,” said then on Twitter, the President of the United States.
Chinese Vice-Premier, in turn, said that during the meeting the sides agreed to continue talks in Beijing. Between Washington and Beijing, he noted that differences remained on “fundamental issues”, but overall the dialogue was constructive, the talks are not disrupted.