Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Friday 22 September 2023 Dublin: 11°C
Andy Wong/PA Trump said he received a "beautiful letter" this week from Chinese President Xi Jinping.
# trade war
US more than doubles tariffs on $200 billion of Chinese goods
China has pledged “necessary countermeasures” to the 25% tariffs.

THE UNITED STATES has increased tariffs on Chinese products from 10% to 25% despite negotiations between the two countries aimed at resolving their trade war.

US President Donald Trump got a briefing from his trade negotiators after the first day of talks with the Chinese side but made no move to hold off on the threatened tariffs.

The Chinese commerce ministry said it “deeply regrets” the decision taken by the US to increase tariffs on $200 billion (€178bn) in imports from China and repeated its pledge to take “necessary countermeasures”.

The two countries have been locked in this trade dispute for more than a year, exchanging tariffs on more than $360 billion (€320bn) in imports. This has gutted US agricultural exports and weighed on both countries’ manufacturing sectors. 

Despite optimism from officials in recent weeks that the talks were moving towards a deal, tensions reignited this week after Trump angrily accused China of trying to backpedal on its commitments.

“They took many, many parts of that deal and they renegotiated. You can’t do that,” Trump said yesterday.

However he said he held out hopes of salvaging a deal.

“It’s possible to do it,” Trump said. “I did get last night a very beautiful letter from President Xi (Jinping).”

At the same time, he said he would be equally satisfied to simply keep tariffs in place. And he has threatened to extend the tough duties to all Chinese goods.

The International Monetary Fund has called for a rapid resolution, warning that the trade battle was a “threat” to global growth.

- With reporting from AFP.

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel