Additional tariffs of 15% on $156 billion of smartphones, laptops, toys, videogames and other products have been postponed until Dec. 15, after the period when goods are typically imported for the holiday season.
"Absolutely worth it, we don't want to be servants to the Chinese!" Mr. Trump said Sunday in a tweet, referring to the process of tariffs forcing American importers to look for other suppliers.
Mr. Trump cited the views of economist Peter Morici, who was interviewed Sunday on Fox News and said the tariffs would average Americans "Not as much as the critics say" due to shifts in exchange rates and supply chains.
Previous tariffs on Chinese imports are costing the average U.S. household $831 a year through higher prices and reduced economic efficiency, according to a May paper published by the Federal Reserve Bank of New York.
The U.S. previously imposed tariffs of 25% on about $250 billion of Chinese imports, largely on items used by businesses, and those tariffs are set to rise to 30% in a month.
Chinese foreign ministry spokesman Geng Shuang said at a briefing Friday that "Trade teams on both the U.S. and China sides have always maintained effective communication." He added that "We hope the U.S. side can demonstrate good faith and take real action, to work in concert with the Chinese side, to find a solution to the problem on the basis of equality and mutual respect."
Since then negotiators have sought, so far without success, to reach a limited preliminary arrangement that would have China committing to buying more U.S. farm products and the U.S. agreeing to ease off restrictions on China's Huawei Telecommunications Co. Mr. Trump said late Friday he couldn't say if he would speak to Chinese President Xi Jinping over the weekend.
https://www.wsj.com/articles/trump-administration-goes-ahead-with-new-tariffs-on-chinese-products-11567337797?mod=hp_lead_pos2
"Absolutely worth it, we don't want to be servants to the Chinese!" Mr. Trump said Sunday in a tweet, referring to the process of tariffs forcing American importers to look for other suppliers.
Mr. Trump cited the views of economist Peter Morici, who was interviewed Sunday on Fox News and said the tariffs would average Americans "Not as much as the critics say" due to shifts in exchange rates and supply chains.
Previous tariffs on Chinese imports are costing the average U.S. household $831 a year through higher prices and reduced economic efficiency, according to a May paper published by the Federal Reserve Bank of New York.
The U.S. previously imposed tariffs of 25% on about $250 billion of Chinese imports, largely on items used by businesses, and those tariffs are set to rise to 30% in a month.
Chinese foreign ministry spokesman Geng Shuang said at a briefing Friday that "Trade teams on both the U.S. and China sides have always maintained effective communication." He added that "We hope the U.S. side can demonstrate good faith and take real action, to work in concert with the Chinese side, to find a solution to the problem on the basis of equality and mutual respect."
Since then negotiators have sought, so far without success, to reach a limited preliminary arrangement that would have China committing to buying more U.S. farm products and the U.S. agreeing to ease off restrictions on China's Huawei Telecommunications Co. Mr. Trump said late Friday he couldn't say if he would speak to Chinese President Xi Jinping over the weekend.
https://www.wsj.com/articles/trump-administration-goes-ahead-with-new-tariffs-on-chinese-products-11567337797?mod=hp_lead_pos2
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