Rage Silver Monday
May 6, 2019 T: 582-7800 | F: 582-7044 www.arubatoday.com
Aruba’s ONLY English newspaper
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Trump threatens to raise Chinese tariffs to 25% this week By PAUL WISEMAN and JOSEPH PISANI AP Business Writers WASHINGTON (AP) — President Donald Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods. Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has shaken financial markets and cast gloom over the world economy. Trump turned up the heat by saying he would raise import taxes on $200 billion in Chinese products to 25% from 10% on Friday. He'd twice pushed back
deadlines — in January and March — to raise the tariffs in a bid to buy more time for a negotiated settlement. But on Sunday, Trump, who has called himself a "tariff man," said he's losing patience. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" Trump tweeted . In his tweets, Trump also threatened to slap tariffs on another $325 billion in Chinese imports, covering everything China ships annually to the United States. The two countries are locked in a high-stakes dispute over China’s push to establish itself as a technological super power. Continued on Next Page
In this July, 5, 2018, file photo, a jockey truck passes a stack of 40-foot China Shipping containers at the Port of Savannah in Savannah, Ga. Associated Press