Wednesday, Jun 03, 2020 | Last Update : 03:53 AM IST

70th Day Of Lockdown

Maharashtra72300313332465 Tamil Nadu2458613706200 Delhi221329243556 Gujarat17632118941092 Rajasthan92716267201 Uttar Pradesh83615030222 Madhya Pradesh82835003358 West Bengal61682410364 Bihar3945174123 Andhra Pradesh3791241464 Karnataka3408132852 Telangana2891152692 Jammu and Kashmir260194631 Haryana2356105521 Punjab2301200044 Odisha210412459 Assam14862854 Kerala132760811 Uttarakhand9592225 Jharkhand6612965 Chhatisgarh5481211 Tripura4231730 Himachal Pradesh3401186 Chandigarh2972144 Manipur83110 Puducherry79250 Goa73500 Nagaland4300 Meghalaya28121 Arunachal Pradesh2010 Mizoram110 Sikkim100

Tariff on China to continue till deal is reached

PTI
Published : Mar 22, 2019, 10:30 am IST
Updated : Mar 22, 2019, 10:30 am IST

Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods.

Washington and Beijing are battling over the final shape of an agreement that both sides have said they would like to reach.
 Washington and Beijing are battling over the final shape of an agreement that both sides have said they would like to reach.

Washington: The United States will continue to impose additional import tariff on Chinese products till the time a trade deal is reached with the country, President Donald Trump has said. 

"We're not talking about removing them. We're talking about leaving them for a substantial period of time, because we have to make sure that if we do the deal with China that China lives by the deal," Trump told reporters on the south lawns of the White House on Wednesday.

Washington and Beijing are battling over the final shape of an agreement that both sides have said they would like to reach, with American officials demanding profound changes to the Chinese industrial policy.

Asked about the progress in the trade talks, the US president said, "We're getting along with China very well. President Xi is a friend of mine. The deal is coming along nicely. We have our top representatives going there this weekend to further the deal." 

The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war. 

Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods. In response, China, the world's second largest economy after the US, imposed tit-for-tat tariffs on USD 110 billion of American goods. 

"No president has ever done what I've done with China. China had free reign over our country, taking out USD 500 billion a year for many years. We actually rebuilt China, in the truest sense of the word. We rebuilt China," he added.

Tags: tariff, bilateral trade, china, import duty, chinese products
Location: United States, Washington