Monday, March 19, 2018

News Alert: Trump prepared to hit China with $60 billion in tariffs by Friday, doubling aides' earlier proposal in escalation of trade tensions

Senior aides had presented President Trump with a package of $30 billion in annual tariffs that would apply to a range of Chinese products, but Trump has directed them to roughly double the scope of the new restrictions, four senior administration officials said. The situation remains fluid, and Trump has shown a tendency to back off economic threats at the last minute. In recent weeks, however, he has shown a willingness to unilaterally impose tariffs — even amid objections from advisers who fear starting a global trade war. And several administration officials said Trump was particularly determined to follow through on this specific set of tariffs, as criticism of U.S.-China relations was at the center of his presidential campaign.
 
Democracy Dies in Darkness
 
 
News Alert Mon, Mar 19, 2018, 5:22 PM
 
 
Trump prepared to hit China with $60 billion in tariffs by Friday, doubling aides' earlier proposal in escalation of trade tensions

Senior aides had presented President Trump with a package of $30 billion in annual tariffs that would apply to a range of Chinese products, but Trump has directed them to roughly double the scope of the new restrictions, four senior administration officials said.

The situation remains fluid, and Trump has shown a tendency to back off economic threats at the last minute. In recent weeks, however, he has shown a willingness to unilaterally impose tariffs — even amid objections from advisers who fear starting a global trade war. And several administration officials said Trump was particularly determined to follow through on this specific set of tariffs, as criticism of U.S.-China relations was at the center of his presidential campaign.

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