Trump wants $200 billion in China tariffs despite talks, sources say

Trump wants $200 billion in China tariffs despite talks, sources say

Trump wants $200 billion in China tariffs despite talks, sources say

"Chinese officials said they have grown wary of the Trump administration's unpredictable decision-making process and may be hesitant to accept without a clear sign us negotiators have authority to speak for the president", the original report said.

On Friday, Trump instructed aides onto proceed with tariffs on about $200 billion worth of Chinese products despite, Bloomberg says, citing four people familiar with the matter.

American consumers have not felt widespread price increases months after the Trump administration started rolling out tariffs, and economist Robert Scott says the doomsday predictions might never materialize.

Some businesses reported other changes in recent months, such as more tax or environmental inspections and slower clearance of goods at Chinese customs, according to the study.

It also showed looming tariffs on US$200-billion of Chinese goods is expected to expand the pain to three-quarters of firms.

United States companies are particularly anxious about the "qualitative measures" Beijing has threatened to take as it becomes unable to respond to tariffs dollar-for-dollar - U.S. goods imports previous year totalled only US$130 billion.

Officials are reportedly still working on the final list of products.

A broad coalition of US businesses, from farmers to retailers, have, however, been fighting back against Trump's tariffs, warning that they are hurting the USA economy. A similar amount said they were delaying investment decisions because of the trade tensions.

The two chambers of commerce on Thursday urged the United States and Chinese governments to resume negotiations.

The chairman of the American Chamber of Commerce in China warned the Trump administration might be underestimating China's resolve to fight back.

Last week, the trade association for retailers including Target and Walmart brought 150 small retailers to meetings with lawmakers to talk about how tariffs could hurt their businesses.

Zoom out from the automotive sector, and more than 60% of American companies in China said they have been affected by the tit-for-tat spat.

"Tariffs are already negatively impacting USA companies and the imposition of a proposed $200 billion tranche will bring a lot more pain", Eric Zheng, chairman of the American Chamber of Commerce in Shanghai, said Thursday in a statement.

"The Chinese side believes that the escalation of the trade conflict is not in the interest of either party", Gao Feng, a spokesman for the Ministry of Commerce, said at a regular news briefing.

The survey was conducted between August 29 and September 5.

China has tried without success to recruit Germany, France, South Korea and other governments as allies against Washington. "There's some discussions and information that we received that the Chinese government - the top of the Chinese government wished to pursue talks".

Earlier in Vladivostok, Russia on Tuesday, Sept. 11, at the Eastern Economic Forum, Xi Jinping praised China's stable and improving ties with Russia, while both he and Vladimir Putin criticized "protectionist trade policies" without mentioning Trump by name, reports the Guardian.

Noticias relacionadas

[an error occurred while processing the directive]