Donald J. Trump
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!
En respuesta a@realDonaldTrump
Your time frame is 24 hours. Theirs is 24 decades. Is that why you backed off the technology theft?
Actually being paid by American customers. Tariff cost is passed on in price. Economics 101.
In a pair of tweets on Sunday, Mr Trump said that levies imposed on Chinese goods over the past year as part of the trade war with Beijing were “partially responsible for our great economic results” and had “little impact on product cost”. He added that the current 10 per cent tariffs on $200bn of Chinese goods would rise to 25 per cent on Friday, and that $325bn of additional Chinese goods that were currently “untaxed” would “shortly” be subject to tariffs of 25 per cent. “The Trade deal with China continues, but too slowly, as they attempt to renegotiate. No!,” Mr Trump wrote. The aggressive tweets from Mr Trump mark a big shift in rhetoric from the US president on the trade negotiations with China, compared with consistently upbeat remarks about the state of the talks in recent weeks. This week, Liu He, China’s vice-premier, is set to arrive in Washington for a crucial round of negotiations with Robert Lighthizer, the US trade representative, and Steven Mnuchin, the US treasury secretary. People familiar with the talks have said the goal of this session is to finalise an agreement, setting the stage for a “signing” summit between Mr Trump and Xi Jinping, the Chinese president, possibly in the middle of June.
Trump repeated the falsehood that China pays for the tariffs — rather than the American importers upon whom the levy falls. His insistence that the tariffs were a boon to the American economy is also a contention borne out by scant evidence
The irony is that, in its rush for a deal, the Trump administration has conspicuously let some hot-button issues fall to the wayside. Last year, it justified tariffs on more than $250 billion worth of Chinese goods, in part, because of the Chinese government’s purported role in supporting cyberattacks on U.S. companies. But reports ahead of Liu’s visit suggest the White House was willing to drop the matter for now or water down its original complaint.
“A lot of issues are being jettisoned from this negotiation because President Trump wants a deal,” a source briefed on the deliberations told the Financial Times last week.