You are here: Home » International » News » Politics
Business Standard

Trump says China 'broke trade deal', vows not to back down on new tariffs

Trump's comments fueled a round of selling in Asian markets. Beijing has announced it would retaliate if tariffs rise

Trump Tariff  |  Donald Trump  |  Us Tariff Hike

Reuters  |  Washington 

US President Donald Trump said on Wednesday that China "broke the deal" it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing "stops cheating our workers." The US Trade Representative's office announced that tariffs on $200 billion worth of Chinese goods would increase to 25 percent from 10 percent at 12:01 a.m. (0401) GMT on Friday, right in the middle of two days of meetings between Chinese Vice Premier Liu He and Trump's top trade officials in Washington. Speaking to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, May 09 2019. 09:36 IST