US President will take important action on trade tariffs against China
President Donald Trump is expected to direct a "pretty significant action" in trade tariffs against China.
The US President Donald Trump is expected to direct a "pretty significant action" in trade tariffs against China affecting around USD 50 billion in Chinese goods, an administration official said on Thursday.
The US trade officials were meeting at the White House on Thursday afternoon to discuss the issue, with Treasury Secretary Steven Mnuchin arguing against the move, the official said.
The official told Reuters that Trump no longer thought of China's influence over North Korea as a compelling reason not to impose tariffs now that the United States had a direct line of communication with Pyongyang.
"We have a channel that's independent of China now," he said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)