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Trump to US companies: make products at home
"Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!" he said Saturday on Twitter, echoing a similar message he sent Friday ‐ and even retweeted. Trump had accused Beijing of reneging on its commitments in trade talks and ordered new punitive duties, which took effect Friday, on $200 billion worth of Chinese imports, raising them to 25 percent from 10 percent. He then cranked up the heat further, ordering a tariff hike on almost all remaining imports ‐ $300 billion worth, according to US Trade Representative Robert Lighthizer ‐ from the world’s second-biggest economy. Those tariffs would not take effect for months, after a period of public comment. The developments came as two days of US-Chinese talks ended Friday with no deal ‐ but no immediate breakdown either ‐ offering a glimmer of hope that Washington and Beijing could yet find a way forward. Only a week earlier, the two had seemed poised to complete a sweeping agreement. Washington wants Beijing to tighten its intellectual property protections, cut its subsidies to state-owned firms and reduce the yawning trade deficit; China wants an end to tariffs as part of a "balanced" deal. Posted by: Besoeker 2019-05-12 |
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