Trump eyes tariffs on up to $60B Chinese goods - News Summed Up

Trump eyes tariffs on up to $60B Chinese goods


U.S. President Donald Trump leaves after addressing the annual March for Life rally, taking place on the National Mall, from the White House Rose Garden in Washington, U.S., January 19, 2018. A U.S. Treasury spokeswoman did not immediately respond to requests for comment.But lobbyists in Washington expressed concern that Trump’s ambitious tariff plan would also include other labor-intensive consumer goods sectors such as apparel, footwear and toys.Higher tariffs on these products would “hurt American families,” said Hun Quach, a trade lobbyist for the Retail Industry Leaders Association.“We’re not talking about fancy cashmere sweaters, we’re talking about cotton T-Shirts and jeans and shoes that kids wear for back-to-school,” she added. There had been a willingness to do something together on China. That’s impossible right now. You can’t cooperate when you’re getting whacked around,” the person told Reuters.


Source: Egypt Today March 14, 2018 03:33 UTC



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