LINE

Text:AAAPrint
Business

Trump threatens additional 100-bln-USD China tariffs

1
2018-04-06 08:27:06Xinhua Feng Shuang ECNS App Download

U.S. President Donald Trump Thursday said he has asked the U.S. Trade Representative (USTR) to consider slapping 100 billion U.S. dollars of additional tariffs on China, ratcheting up trade tensions and plunging economic growth into uncertainty.

"In light of China's unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs," he said in a statement issued by the White House.

Section 301 of the Trade Act of 1974 gives the U.S. Government rule-making authority, enabling it to enforce trade agreements and resolve trade disputes.

Thursday's gesture is the latest protectionist trade action threat against China. Earlier this week, the USTR proposed to impose an additional 25 percent tariff on 50 billion dollars of imports from China, which has been strongly opposed by various business groups.

China on Wednesday unveiled a list of products worth of 50 billion dollars imported from the United States that will be subject to higher tariffs.

Any additional tariffs proposed will be subject to a public comment process like in the case of the proposed tariffs announced on April 3, a USTR statement on Thursday said.

 

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.