US president Donald Trump has threatened to raise tariffs on all Chinese imports to 25 per cent, sharply raising stress on Beijing to make concessions in a make-or-break round of trade negotiations set for this week.
In a pair of tweets on Sunday, Mr Trump mentioned that levies imposed on Chinese goods more than the previous year as portion of the trade war with Beijing have been “partially accountable for our good financial results” and had “little effect on item cost”.
He added that the 10 per cent tariffs on $200bn of Chinese goods in spot would rise to 25 per cent on Friday, and that $325bn of further Chinese goods that have been “untaxed” would “shortly” be topic to tariffs of 25 per cent.
“The Trade deal with China continues, but as well gradually, as they try to renegotiate. No!,” Mr Trump wrote.
Additional to come