Trump sticks with plans to raise tariffs by new year

It is "highly unlikely" that the US will abandon its plans to levy significantly higher tariffs on Chinese goods by the turn of the year, says US President Donald Trump only a few days ahead of a summit meeting with Chinese President Xi Jinping.

Photo: Ritzau Scanpix/AP Polfoto/Evan Vucci

It is "very unlikely" that US President Donald Trump will abandon his plans to levy further tariffs on Chinese goods from the new year, says Trump in an interview with The Wall Street Journal only a few days up to Friday's summit meeting with Chinese President Xi Jinping.

"If we don't make a deal, then I'm going to put the USD 267 billion additional on [top of current levels, -ed.]," Trump tells the US media , referencing the current level of 10 percent on certain trade goods at a value of USD 200 billion.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

Further reading

Related articles

Latest news

See all jobs