Trade War:US Says That It Plans To Increase It's Proposed Tariff Rates*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* On 200 Billion Dollar Worth Of Chinese Goods From 10 To 25 Percent.
The US Trade Representative has said the rate of proposed tariffs against China is set to increase. The measure would come amid an ongoing trade dispute and after Trump threatened to apply tariffs on all Chinese goods.
Senior officials in US President Donald Trump's administration said on Wednesday that proposed tariff rates on $200 billion worth*I urgently need support
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no.:+2349092171875* of Chinese goods would be raised from 10 percent to 25 percent, in an effort to "encourage" China to change its trade policies.
The Trump administration aims to push changes on China's policies on intellectual property protection, technology transfers and subsidies for high technology industries.
The move comes as the US and China have been tangled in a trade dispute, since President Donald Trump announced earlier this year that the US would apply punitive tariffs on steel and*I urgently need support
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no.:+2349092171875* aluminum worldwide and then moved to add tariffs on other Chinese goods. Since then, the US has continued to expand the list of targeted goods and even threatened to add tariffs on all Chinese goods.
US Trade Representative Robert Lighthizer said on Twitter that the measure sought to "urge China to stop its unfair practices, open its markets, and engage in true market competition."
Lighthizer added that "instead of changing its harmful behavior, China has illegally retaliated against US workers, farmers,*I urgently need support
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no.:+2349092171875* ranchers and businesses," in a direct reference to China's decision to apply retaliatory sanctions on US products.
In an official statement, Lighthizer explained that raising the tariff rate from 10 to 25 percent would provide the Trump Administration "with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets and prosperity for all of our citizens."
Trump admin feedback on tariffs
Trump's ongoing trade dispute with China has put him at odds with members of his own party and the US business community, who have*I urgently need support
and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in
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no.:+2349092171875* expressed outrage about the protectionist bent of his administration's trade policies and warned of negative consequences for the US economy.
In response, the White House has established a comment period on the proposed tariffs, which includes public hearings where business can request exemptions. The comment period was set to take place later this month, but will now be extended into September, officials said.
China has not yet responded to the tariff rate increase. There have been no formal talks between Washington and Beijing for*I urgently need support
and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in
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no.:+2349092171875* weeks over Trump's demands. Global stocks took a tumble on Wednesday as news spread about US plans of steeper tariffs.
jcg/rc (AP, AFP, Reuters)Ref. Deutche Welle.
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