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Trump threatens tariffs on almost all of China's USA imports

08 September, 2018, 10:44 | Author: Melinda Barton
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The US has punitive tariffs on US$50 billion (S$70 billion) in Chinese goods already in place, and another US$200 billion "in the hopper" that Trump said "could take place very soon".

While China's response to US demands has been unsatisfactory, Trump is still speaking to Xi, and would be open to meeting in person, said Kudlow, director of the White House's National Economic Council.

The tariffs would potentially hurt USA companies that import everything from handbags to bicycle tires.

Earlier on Friday White House economic adviser Larry Kudlow said Trump will not make any decisions on his threatened tariffs on another $200 billion worth of Chinese goods before officials evaluate public comments on them. China has said it would be forced to retaliate to all of the U.S.'s tariff measures, fanning concerns that a deepening trade war could dent the global economic outlook.

Trump's now threatened tariffs on a total of 517 billion dollars in Chinese imports - a figure that eclipses the total amount of goods imported from China to the USA past year.

His comments came as Apple warned that products made in China including the Apple Watch and Air Pods headphones would cost more if Donald Trump goes ahead with the $200bn tariffs.

That would cover virtually all the goods imported from the world's second largest economy. And China has vowed to hit $60bn in United States products in retaliation.


President Donald Trump threatened on Friday (Sept 8) to slap tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing.

On Thursday, Cisco Systems Inc., Hewlett Packard Enterprise Co. and other technology companies sent a letter to U.S. Trade Representative Robert Lighthizer urging the administration to avoid imposing more tariffs. Comparatively few applauded the tariffs.

"Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower US growth and competitiveness and higher prices for US consumers", Apple said in the letter.

Retailers had successfully kept high-profile consumer electronics such as mobile phones and television sets off of previous tariff lists. The administration should cease further tariffs actions and give another shot at talks for a trade deal with China, it said. "These are taxes and they're going to find their way into the pocket book of folks around the country", French said.

Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met US requests.

In a letter to U.S. officials as part of the public consultation on the measures, the company said some of Apple's Beats headphones and its new HomePod smart speaker would also face levies.

"Those have been our asks for many months and so far those asks have not been satisfied", he said.

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