WASHINGTON: US President Donald Trump is likely to announce new tariffs on about US$200bil of Chinese imports as early as today, a senior administration official told Reuters on Saturday. This is below the 25% the administration said it was considering for this possible round of tariffs. We encourage China to address the long-standing concerns raised by the Unites States.” Trump had already directed aides to proceed with tariffs, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China. Still, the additional tariffs could complicate trade talks with China expected later this month. Trump’s administration has already levied duties on US$50bil worth of Chinese goods following a study.

Source: The Star September 16, 2018 23:37 UTC