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Trump Expects to Move Ahead China Tariff Boost to 25%: WSJ
Trump Expects to Move Ahead China Tariff Boost to 25%: WSJ
27 Nov 2018, 03:33 AM IST
(Bloomberg) -- President Donald Trump said he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25%, calling it “highly unlikely” that he would accept Beijing’s request to hold off on the increase, the Wall Street Journal reported, citing an interview.
(Bloomberg) -- President Donald Trump said he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25%, calling it “highly unlikely” that he would accept Beijing’s request to hold off on the increase, the Wall Street Journal reported, citing an interview.
- “If we don’t make a deal, then I’m going to put the $267 billion additional on,” at a tariff rate of either 10% or 25%,” Trump said
- Trump said tariffs could also be placed on iPhones and laptops imported from China
- “Depends on what the rate is,” Trump said, referring to a possible consumer reaction if tariffs were applied to mobile phones and laptops
- “I mean, I can make it 10%, and people could stand that very easily”
- Trump said in the interview that he spoke with GM CEO Mary Barra and said the company should stop making cars in China and open a new plant in Ohio
- NOTE: Earlier Monday, Trump said he’s “not happy” about GM’s plan to lay off more than 14,000 workers and close seven factories worldwide
To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net
To contact the editors responsible for this story: Clementine Fletcher at cfletcher5@bloomberg.net, Rita Devlin Marier
©2018 Bloomberg L.P.
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