June 20, 2024
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Today on Twitter, Trump complained that the Chinese government had not lived up to its trade promise, and threatened to retaliate in advance of upcoming talks with an additional 10 percent tariff on September 1st.

Trump tweeted: “We thought we had a deal with China three months ago, but sadly, China decided to renegotiate the deal prior to signing. More recently, China agreed to buy agriculture product[s] from the US in large quantities, but did not do so.

“Trade talks are continuing, and during the talks the US will start, on September 1st, putting a small additional tariff of 10 percent on the remaining 300 billion dollars of goods and products coming from China into our country,” he added.

Now, Trump had threatened to implement those tariffs earlier in July. “We have a long way to go with China,” he said. “We have another $325 billion we can implement, if we want.”

Still, it’s unclear how the tariffs will be implemented, and which exemptions, if any, will be granted.

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