Trump announces higher U.S. tariffs on China goods starting Friday
U.S. President Donald Trump raised pressure on China over trade negotiations on Sunday by saying U.S. tariffs on certain Chinese products will increase to 25% on Friday and that more Chinese goods will face additional tariffs.
"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump wrote on Twitter.
"The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%," he added.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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