Trump Announces Tariffs on $200 Billion in Imports From China

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"China will adopt countermeasures to safeguard its legitimate rights and interests and the global free trade order". "We deeply regret this".

President Trump announced Monday that he had ordered the imposition of 10 percent tariffs on an additional $200 billion worth of Chinese goods starting next week.

"China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers due to their loyalty to me", Trump wrote in a post on Twitter.

"China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers due to their loyalty to me", Trump wrote in a post on Twitter. China has said it will retaliate.

In a pair of early morning tweets, Trump hailed his combative trade policy as a boon to American economic health and said the U.S. steel industry, which the White House has championed in new protectionist measures, was now "the talk of the world".

Trump declared on Twitter that the tariff increases he has imposed have boosted the USA economy, the world's largest.

In response, the American President took to Twitter to rail against Cupertino.

The Chinese matched those tariffs, with duties on American imports.

The Chinese say they are willing to talk, but find Trump's tariff threats nothing short of a bullying tactic - and vowed to retaliate.

The American Chamber of Commerce in China warned Tuesday that Washington is underestimating Beijing's determination to fight back.

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China's currency has fallen more than 5% against the dollar so far this year, with analysts pointing to trade tensions as a major factor behind increasingly torpid economic figures out of Beijing.

"We can't do that anymore", Trump said. The Wall Street Journal reports Pyongyang has worked with Russian Federation and China to avoid sanctions, according to a confidential United Nations report, making the latest economic penalties "ineffective".

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Washington has already imposed 25 percent duties on $50 billion of Chinese goods over what it alleges are unfair trade practices.

In a pair of early morning tweets on Monday, Trump hailed his combative trade policy as a boon to American economic health and said the U.S. steel industry, which the White House has championed in new protectionist measures, was now "the talk of the world". "Business hates uncertainty. They'd rather have an imperfect trading relationship than this much chaos".

He said the Trump administration regularly consults with Trump. "However, it will also hurt China itself".

"The economy and trade had been seen as Trump's strong point, however, his presidential approval rating has dropped four percentage points over the past month to just 38%".

Trump continues to ratchet up pressure on Beijing to change its trade practices even as he floats the idea of talks.

For years, multinational businesses "went where the labor was cheapest", Murphy said.

But demand for Chinese products on American soil has jumped amid rising tensions: The latest census data, released Wednesday, showed the USA goods deficit with China this year has grown about 8 percent to $234 billion from the same time last year.

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