Donald Trump raises taxes on Chinese products again

The escalation continues in the trade war between the United States and China. US President Donald Trump decided on Friday (August 23rd) to raise tariffs of $ 550 billion worth of products imported from China by another five percentage points, marking a new phase in the trade dispute between the two largest economies of China. world.

This statement by Donald Trump, made on Twitter, came a few hours after Beijing announced retaliation against US tariffs that will affect two stages, on September 1 and December 15, some 300 billion Chinese products until not taxed.

>> To read: United States vs. China: from trade conflict to economic war?

"Unfortunately, previous administrations have allowed China to move away from fair trade and balanced to the point of becoming a heavy burden on the US taxpayer," he said on Twitter. "As president, I can not allow this to happen anymore!"

... the remaining 300 BILLION DOLLARS of goods and products from China, which was 10%, will be taxed at 15%. Thank you for your attention to this matter!

He said that the United States, from October 1, would increase their tariffs by 25% to 30% on $ 250 billion of Chinese imports. Meanwhile, Trump announced a further increase in expected taxes on the remaining $ 300 billion of Chinese products, from 10% to 15%.

Washington will begin imposing tariffs on certain products as of September 1, but about half of these products have been postponed until December 15.

"We do not need China"

Donald Trump's announcement, which followed a meeting in the White House Oval Office with his advisers, continues the trend of the Sino-US trade dispute that each side has been fighting for more than a year.

"Our great American companies are ordered to immediately start looking for an alternative to China, including bringing your businesses home and making your products in the US," Trump wrote on Twitter early Friday, before announcing new US taxes. "We do not need China and frankly, we are doing much better without it," he added.

.... better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American is an alternative to China, bringing ..

But the US Chamber of Commerce rejected this call. "We share the President's frustration, but we believe that constructive and continued engagement is the right way to go," International Affairs Officer Myron Brilliant said in a statement, urging both sides to reach a trade deal swiftly.

The US president can not legally force American companies to leave China immediately, and he has not given any details on how he intends to proceed to achieve this.

China on Friday announced its intention to raise tariffs on about $ 75 billion worth of US products, introducing these measures as the announced US $ 300 billion-plus tax response of additional Chinese products by the United States.

The Chinese Ministry of Commerce said in a statement that it would impose additional tariffs of 5% or 10% on a total of 5,078 products from the United States, including agricultural products such as soybean, oil gross and small planes. China will also restore the taxation of cars and parts of American origin.

With Reuters