Trump threatens to increase tariffs on Chinese goods on Friday
President Trump tweeted on Sunday that on Friday, he would like to increase tariffs on $200 billion worth of Chinese goods, raising the fee from 10 percent to 25 percent.
"The Tariffs paid to the USA have had little impact on product cost, mostly borne by China," he claimed. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" He also said $325 billion worth of additional Chinese goods "remain untaxed, but will be shortly, at a rate of 25 percent."
Over the last five months, Chinese negotiators have been working with their American counterparts on an agreement, and Chinese Vice Premier Liu He was scheduled to arrive in Washington, D.C., on Wednesday to meet with Trump, accompanied by a 100-member delegation. Chinese officials are now discussing whether the trip should be scrapped, people familiar with the matter told The New York Times.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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