BREAKING: US begins preparations to impose tariffs on remaining $300B in Chinese imports that don't already face import taxes.
U.S. Trade Representative Robert Lighthizer says his office is preparing to impose tariffs on the $300 billion in Chinese products that aren’t already facing import taxes, another escalation in Washington’s dispute with Beijing.
The association represents the U.S. operations of international automakers, including Toyota, Hyundai, Nissan and Subaru. Trump tweets that “the relationship between President Xi and myself remains a very strong one, and conversations into the future will continue.” The Trump administration raised import taxes on billions of dollars in Chinese goods from 10% to 25% Friday. China has threatened to retaliate.
Pence’s companies are Global Precision Industries, Inc., which makes plastic injection molds and custom mold bases, among other things. His other company, Diversified Design and Manufacturing, supplies tooling, manufacturing and specialty machining to customers worldwide.A tech industry group says tariffs are taxes, and “higher tariffs are only higher taxes,” in response to President Donald Trump’s decision to increase tariffs on $200 billion worth of Chinese imports to 25%.
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