US President Donald Trump said on Thursday that it is still possible to leverage more tariffs against imports from China, adding that companies who want to avoid the duties should make their products in the United States.
WASHINGTON (Pakistan Point News / Sputnik - 29th November, 2018) US President Donald Trump said on Thursday that it is still possible to leverage more tariffs against imports from China, adding that companies who want to avoid the duties should make their products in the United States."Billions of Dollars are pouring into the coffers of the USA because of the Tariffs being charged to China, and there is a long way to go," Trump said in a Twitter message. "If companies don't want to pay Tariffs, build in the USA. Otherwise, lets just make our Country richer than ever before!"
On Wednesday, US Trade Representative Robert Lighthizer said Trump had directed him to examine the option of higher tariffs on cars produced in China.
China and the United States became embroiled in a trade dispute after US President Donald Trump unveiled new steel and aluminum import duties in March. Tensions escalated in May when the Trump administration announced that $50 billion worth of Chinese goods would be subject to 25 percent tariffs, prompting a retaliation from Beijing. Since then, the two sides have imposed tit-for-tat tariffs on hundreds of billions of dollars worth of goods.
