4 years ago
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Trump says tariffs on $200 billion of Chinese goods will increase to 25%, blames slow progress in trade talks
President Donald Trump said Sunday that tariffs on $200 billion of Chinese goods will increase to 25% on Friday, despite repeated claims by the administration in recent weeks that trade talks with Beijing were going well. The tariff rate on those goods was originally set at 10%. Trump had initially threatened to increase the tariffs at the start of the year, but postponed that decision after China and the U.S. agreed to sit down for trade talks.
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What an idiot. The American consumer will pay for this and the US government will gain revenue. Put that into your tax rate, because that's just exactly what it is..