Asserting that trade negotiations with the Chinese are moving "too slowly", US President Donald Trump on Sunday said America would increase tariffs on USD 200 billion of Chinese products to 25 per cent on May 10.
The move came at a time when a high-powered Chinese delegation is expected to come to Washington on Wednesday for the next round of talks to negotiate a comprehensive trade deal with the US.
"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted.
These payments, he said, are partially responsible for the US' great economic results.
"The 10% will go up to 25% on Friday," he said, adding, "325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%."
"They had given the Chinese a free pass in every dimension. President Trump is now pushing back on the enormous trade abuses."
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