29 C
New Delhi
Wednesday 1 April 2020

Trump warns China of substantial increase in import tariffs

Observing that the US was 'so far behind' China before he became the President, Donald Trump said America had been treated badly

Editorials

In India

Foreigners who attended Tablighi Jamaat at Nizamuddin Markaz to be tried for violating visa rule

Sirf News has accessed from the police the records of many Tablighi Jamaat associates who have returned to or been to the Northeast and non-Muslims who passed through the area and returned to the states of the region

Tablighi Jamaat can’t explain mischief of members after leaving Delhi

While describing the 'difficulty' it faced to transport people out of Delhi, Tablighi Jamaat fails to explain why its associates and affiliates either mingled with people in their respective villages and why many of them just vanished in thin air

Washington, DC: US President Donald Trump has warned of imposing substantial tariffs on imports from China if the trade negotiations did not go well. “China has to do a lot of things to turn it around. But you’ll be seeing. They’ve got to do a lot of things. It (tariff increase) goes on September 1,” Trump said on Friday, a day after he announced to impose 10% tariff on Chinese products worth nearly $ 300 billion. This is in addition to the 25% import tariff on Chinese products worth $ 250 billion.

The next round of the US-China trade talks is scheduled for September. “Frankly, if they don’t do, I can always increase it very substantially. In other words, I could increase it — if I wanted to, I could increase it to a very much higher number,” Trump said.

Observing that the US was “so far behind” China before he became the President, Trump said America had been treated badly. “And I don’t blame China. I blame our past leaders, our past presidents, our past trade representatives. They’ve done a terrible job,” he said. “We can’t just go and make an even deal with China. We have to make a much better deal. Because, right now, they have a very unfair playing field, and I’m turning it around. We are getting 25% of $ 250 billion and now we’ll be getting 10% of probably close to $ 350 billion. It’s a lot of money,” he said.

Trump further said China was devaluing their currency and they’re also pouring money in. “Their currency is going to hell, but they’re also pouring money in. That will totally pay for the tariffs. The tariffs are not being paid for by our people; it’s being paid for by China because of devaluation and because they’re pumping money in,” he said.

Trump said the US was taking in billions of dollars from China. “We never took in 10 cents from China. Out of that many billions of dollars, we’re taking a part of it and we’re giving it to the farmers because they’ve been targeted by China. They come out totally whole. So, you interviewed the wrong farmer, but that’s all right,” said the US President.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Articles

Sewa In COVID Times: Living ‘Service Before Self’ Credo

Sewa International volunteers were first off the starting block, setting up non-medical helplines for the four regional areas — West Coast, East Coast, Midwest, and Southwest — for a coordinated national response, where people can call in for assistance

India And US: Same COVID, Different Prescriptions

The different social structures, experiences in the leaders of the two countries, variation in the degree of political capital, etc make India and the US react differently to the global COVID pandemic

कोरोनावायरस काले विपरीतबुद्धिः का शर्तिया इलाज

कोरोनावायरस के भयावह व विकराल काल में जासूस विजय बनकर बाहर जाकर यह देखने की जरूरत बिलकुल नहीं है कि प्रशासन अपना काम ठीक कर रहा है या नहीं

Sewa In COVID Times: Living ‘Service Before Self’ Credo

Sewa International volunteers were first off the starting block, setting up non-medical helplines for the four regional areas — West Coast, East Coast, Midwest, and Southwest — for a coordinated national response, where people can call in for assistance

India And US: Same COVID, Different Prescriptions

The different social structures, experiences in the leaders of the two countries, variation in the degree of political capital, etc make India and the US react differently to the global COVID pandemic

कोरोनावायरस काले विपरीतबुद्धिः का शर्तिया इलाज

कोरोनावायरस के भयावह व विकराल काल में जासूस विजय बनकर बाहर जाकर यह देखने की जरूरत बिलकुल नहीं है कि प्रशासन अपना काम ठीक कर रहा है या नहीं

For fearless journalism

%d bloggers like this: