Trade War: US to Impose Additional 10% Tariffs on Chinese Goods

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SWITZERLAND, AUGUST 2 – The U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country,” American president Donald Trump said in a tweet. 

The surprise tariff announcement came after the U.S. and China restarted trade talks in Shanghai this week.

The White House said the meetings were “constructive,” adding China confirmed their commitment to increase purchases of U.S. agricultural exports.

“Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country…We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” Trump said in a tweet on Thursday.

The surprise tariff announcement came after the U.S. and China restarted trade talks in Shanghai this week, the first in-person trade talks since a G-20 truce. The White House said on Wednesday before this Trump tweet the meetings were “constructive,” adding that China confirmed their commitment to increase purchases of U.S. agricultural exports. Trade negotiations will continue in Washington in early September, according to the White House statement.

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