By David Lawder and Ben BlanchardWASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday. U.S. Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods. “The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets and prosperity for all of our citizens,” Lighthizer said in a statement.There have been no formal talks between Washington and Beijing for weeks over Trump’s demands that China make fundamental changes to its policies on intellectual property protection, technology transfers and subsidies for high technology industries. Two trump administration officials told reporters on a conference call that Trump remains open to communications with Beijing and that through informal conversations the two countries are discussing whether a “fruitful negotiation” is possible.”We don’t have anything to announce today about a… Read full this story
- Trump on US-China Trade War: 'We Are Winning, Big Time'
- The Trump administration labels China a currency manipulator
- Trump says US-China trade talks 'already begun'
- AFP: Trump says US-China trade deal could include Huawei
- Trump administration rolls back Obama-era anti-coal plan
- Trump administration completes rollback of Obama anti-coal plan
- Signs of hope as Trump says US-China trade talks back on
- AFP: Trump says US-China trade talks 'already begun'
- AFP: Trump says US-China trade talks 'to start very shortly'
- U.S.-China trade talks scheduled for October, Beijing says
Trump administration adds to China trade pressure with higher tariff plan have 296 words, post on www.metro.us at August 1, 2018. This is cached page on Vietnam Colors. If you want remove this page, please contact us.