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Trump threatens to hit China with additional tariffs

ANI  |  US 

Further escalating tensions, US President has threatened to hit with tariffs on another USD 300 billion worth of Chinese goods.

"Our talks with -- a lot of interesting things are happening. We'll see what happens," The Hill quoted Trump on Thursday.

"In the meantime, we're getting 25 per cent on USD 250 billion, and I can go up another at least $300 billion," he added. "And I'll do that at the right time."

There are no reports of progress after talks collapsed between and the US last month.

"But I think China wants to make a deal and I think wants to make a deal badly," Trump claimed on Thursday.

The US increased tariffs on Chinese goods amounting to over USD 200 billion even as the two sides were in the midst of negotiations.

In retaliation, China increased duties on USD 60 billion worth US imports from June 1. Chinese and academics were also asked to assess the risks involved given the tightened rules.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, June 07 2019. 15:26 IST