The latest announcements by the US and China to
slap trade tariffs on each other could take a bite out of economic growth.
Not exact matches
Trump has since reaffirmed his plans to
slap tariffs on steel and aluminum imports, warning the European Union (EU) it could soon face a «big tax» for failing to treat the U.S. properly when it comes to
trade.
WASHINGTON / BEIJING, April 4 - President Donald Trump's administration said on Wednesday talks with Beijing could resolve an escalating U.S. - China
trade fight after China retaliated against U.S. proposals to
slap tariffs on $ 50 billion in Chinese goods by targeting key American imports with similar duties.
The president - elect has threatened to
slap huge
tariffs on Chinese imports, which could trigger a
trade war.
The top Republican on the Senate Agriculture Committee said every GOP senator is concerned about the direction President Donald Trump is taking on
trade, from slapping tariffs on solar panels to his threats to withdraw from the North American Free Trade Agree
trade, from
slapping tariffs on solar panels to his threats to withdraw from the North American Free
Trade Agree
Trade Agreement.
President Donald Trump
slapped steep
tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect
trade restrictions under seldom - used
trade laws that allow unilateral actions.
South Korea said on Tuesday the government will complain to the World
Trade Organization (WTO) about a U.S. decision to
slap tariffs on imported washing machines and solar panels, saying the decision is «excessive» and «regrettable».
If Trump declares a
trade war with China for instance, they could
slap tariffs on our goods.
This open - ended investigation is a more moderate course of action against China than simply
slapping tariffs on it, but if it does eventually escalate, the US could find itself reshaping global
trade in a big way.
But under US
trade law and WTO rules, it's fair game for America (and other countries) to
slap tariffs on underpriced imports from certain companies if they can prove it's harming local industries.
Mainstream economists don't think a
trade deficit is bad for the US economy, and they doubt that
slapping tariffs on imports will do much to reduce it.
The
tariffs come under the president's authority under Section 232 of the
Trade Expansion Act which allows the chief executive to
slap tariffs on imports for national security reasons and after the Commerce Department released reports on the subject last month which urged him to do so.
BEIJING / WASHINGTON China warned on Friday it was fully prepared to respond with a «fierce counter strike» of fresh
trade measures if the United States follows through on President Donald Trump's threat to
slap tariffs on an additional $ 100 billion of Chinese goods.
President Donald Trump is sending his top economic advisers to China this week for talks about the
trade dispute in which the two countries have threatened to
slap tariffs on tens of billions of dollars of each other's exports.
Many imports are subject to taxes, but President Donald Trump wants to
slap an additional 25 %
tariff on these items to retaliate for what his administration calls «unreasonable or discriminatory»
trade practices.
President Donald Trump has instructed the U.S.
trade representative to consider
slapping $ 100 billion in additional
tariffs on Chinese goods.
The president - elect campaigned on limiting international
trade, including by
slapping tariffs on goods from China and Mexico.