Donald Trump announces 'small additional' 10% tariff on Chinese goods

Donald Trump announces 'small additional' 10% tariff on Chinese goods

Donald Trump has announced a 10% tariff on $300bn worth goods going into the US from China, starting from September 1.

Early today it was reported that trade talks between the two countries ended after the US president rattled financial markets by accusing Beijing of stalling in the hope he will fail to win re-election in 2020.

However, Mr Trump hailed the talks as being "constructive" and that "talks are continuing".

Mr Trump took to Twitter to announce the new tariff, adding that "we look forward to continuing our positive dialogue with China on a comprehensive Trade Deal".

In a series of tweets, Mr Trump said: "Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal.

"We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing.

"More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die!

"Trade talks are continuing, and during the talks the U.S. will start, on September 1, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.

"This does not include the 250 Billion Dollars already Tariffed at 25%.

"We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!"

More to follow...

More on this topic

Denmark’s prime minister has ‘constructive’ phone call with Donald TrumpDenmark’s prime minister has ‘constructive’ phone call with Donald Trump

Trump: Any Jew voting for Democrats is uninformed or disloyalTrump: Any Jew voting for Democrats is uninformed or disloyal

Danish royal palace ‘surprised’ as Trump cancels trip amid Greenland rowDanish royal palace ‘surprised’ as Trump cancels trip amid Greenland row

Trump pulls out of planned Denmark visit after PM shuts door on Greenland saleTrump pulls out of planned Denmark visit after PM shuts door on Greenland sale

More in this Section

British Airways sorry for email error announcing wrong flight cancellationsBritish Airways sorry for email error announcing wrong flight cancellations

Thousands of holidaymakers face chaos over British Airways strikesThousands of holidaymakers face chaos over British Airways strikes

40 jobs to be created after whiskey distillery given planning permission in Donegal40 jobs to be created after whiskey distillery given planning permission in Donegal

Trump announces new retaliatory tariffs on ChinaTrump announces new retaliatory tariffs on China


Lifestyle

These green pancakes are topped with avocado, tomato and cottage cheese.How to make Jamie Oliver’s super spinach pancakes

Who else can pull off a look described as a ‘hip-hop Michelin woman’?As her new EP drops, this is why there will never be a style icon quite like Missy Elliott

The classic white-tipped look is once again in favour, and celebs are loving it.The French manicure is back – 5 modern ways to try the trend

The A-Listers hiding in plain sight: As Rihanna is spotted at the cricket, who are the celebs who have been living under our noses in Ireland? Ed Power reports.Celebs in plain sight: The A-Listers living under our noses in Ireland

More From The Irish Examiner