Donald Trump Optimistic About China Trade Talks

A US Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff.

If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import duties. It also would turn the president’s trade wars into a tangible reality for many Americans.

Trump recently warned Beijing not to go too far in responding to the US trade actions after China rolled out its retaliation to his move to hike import duties on a separate $200 billion tranche of imports from China last week.

“There can be some retaliation, but it can’t be very substantial,” Trump said on Monday at the White House during a meeting with Hungarian Prime Minister Viktor Orban.

Economists have warned that the existing tariffs would hurt the US growth.China’s move to hike tariffs came in response to the US’s decision last week to increase levies on $200 billion in Chinese imports to 25% from 10%.

Via Livemint

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