13:44 GMT +319 October 2018
Listen Live
    A laborer works at a steel plant of Shandong Iron & Steel Group in Jinan, Shandong province, China July 7, 2017

    Trump Likely to Announce More Tariffs on Chinese Goods - Kudlow

    © REUTERS / Stringer
    World
    Get short URL
    412

    WASHINGTON (Sputnik) - US President Donald Trump will likely unveil a new round of tariffs on $200 billion worth of Chinese goods "soon" because he is unsatisfied with the progress of ongoing trade talks between Washington and Beijing, Director of the National Economic Council Larry Kudlow said on Monday.

    "The president has suggested tariffs on a couple hundred billion dollars. He has not been satisfied with the talks with China on this. My guess is announcements will be coming soon," Kudlow said during remarks at the Economic Club of New York.

    Kudlow also said the Trump administration still wants to negotiate with China, but only if Beijing is serious about having substantive discussions about free trade, reducing tariffs, non-tariff barriers, opening markets and allowing the United States to export more goods and services to the country.

    READ MORE: Chinese Economic Growth Slows, Exports Strengthen Amid Trade Tensions With US

    In early August, US Trade Representative Robert Lighthizer said Trump had asked him to consider increasing tariffs on $200 billion worth of Chinese goods from 10 to 25 percent. The exact date for the new tariffs' enactment has not been specified.

    China-US trade tensions escalated sharply in March after Trump announced import duties on steel and aluminum. Since then, Washington and Beijing have imposed several rounds of tit-for-tat tariffs, with bilateral trade consultations so far failing to halt an escalating trade war.

    Related:

    Tariff War Won’t Solve US Trade Deficit – China’s Ministry of Commerce
    Senior US Officials Propose New Round of Trade Talks With China - Reports
    US, Chinese Tech Giants Poised to Compete for Growing African Market
    China's Belt, Road Initiative Provides Alternative Amid US Sanctions – Academic
    Tags:
    trade war, duties, tariffs, Robert Lighthizer, Lawrence Kudlow, Donald Trump, China, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment