UPDATE 2-In abrupt turn, Trump vows higher U.S. tariffs on China goods
Trump had previously delayed the tariff increases earlier in the year, citing productive talks with China. Sunday's announcement casts into doubt previous expectations that China and the United States were closing in on a deal to end a months-long trade war that has slowed global growth and disrupted markets.
Trump said on Twitter that tariffs will increase to 25% on Friday and that more Chinese goods will face additional tariffs. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" Trump tweeted.
U.S.-China trade talks are due to resume this week, with Chinese Vice Premier Liu He due to travel to Washington. That follows talks in April in Beijing that Treasury Secretary Steven Mnuchin called "productive." As recently as Friday, Trump said talks with China was going well.
Last week, industry sources said they believed the talks were in the endgame, and Mnuchin had said he hoped that the U.S. negotiating team would soon be able to recommend a deal to Trump or tell him that one could not be reached. The administration has been insisting on a mechanism to ensure that China follows through on any promises to purchase more American goods. Administration officials have said both sides are expected to launch new enforcement staffs to police the agreement.
(Reporting by Timothy Gardner and Lawrence Hurley Editing by Mary Milliken and Lisa Shumaker)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Stories from the UN Archive: Hillary Clinton’s bold stand in Beijing
EU foreign policy chief Borrell, in Washington, says outcome of Ukraine war will be decided this spring and summer
EU's Borrell, in Washington, says outcome of Ukraine war will be decided this spring and summer
Russian ambassador to Washington says embassy has received threats over election
Overnight shooting kills 2 and wounds 5 in Washington, D.C., police say