Trump increases pressure on China for trade deal with new 10 percent tariff on the other $300 billion of goods while Chinese economy reels:
http://dailytorch.com/2019/08/trump-increases-pressure-on-china-for-trade-deal-with-new-10-percent-tariff-on-the-other-300-billion-of-goods-while-chinese-economy-reels/
China has proven itself to be an unreliable trade partner in its negotiations, says President Donald Trump, and now he is levying another 10 percent tariff on the remaining $300 billion of Chinese goods that were untaxed. This comes atop the 25 percent tariff on another $250 billion of goods, which is expecting to raise more than $50 billion in revenue this year. Trump cited failure by Chinese President Xi Jinping to follow through on its commitments to stop fentanyl shipments, import more U.S. agricultural products and the failure to conclude a trade deal. With China’s economy taking a hit, is the pressure starting to pay off?
