June 14, 2018
President Donald Trump has given his approval for the United States to put tariffs on $50 billion of Chinese exports, according to a source with knowledge of the situation.
Trump approves tariffs on $50 billion worth of Chinese goods
An official announcement is expected on Friday. The president's green light came after a meeting Thursday with top economic officials, including Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer.
The move represents a serious escalation of trade tensions between the world's two largest economies — just as Trump has also picked fights with allies Canada, Mexico and the European Union over steel and aluminum.
It was first reported by Bloomberg.
Beijing previously said it would respond to American tariffs on $50 billion worth of Chinese exports with retaliatory tariffs on $50 billion of US products such as cars, planes and soybeans.
For months, Trump has slow-walked threats of tariffs against China as punishment for intellectual property theft.
He first announced that the United States would impose trade penalties on about $50 billion of Chinese goods in March.
"We have a tremendous intellectual property theft problem," Trump said at the time. "It's going to make us a much stronger, much richer nation."
After China warned it would retaliate, Trump threatened tariffs on a further $100 billion of Chinese products.
In mid-May, both sides announced a ceasefire after two rounds of trade negotiations.
The countries said in a joint statement that China would "significantly increase" purchases of US agricultural and energy products to reduce the trade imbalance, a top Trump administration demand. Mnuchin subsequently declared the trade war "on hold."
en days later, the White House abruptly said it would proceed with the tariffs, along with new limits on Chinese investments in the United States.
The Trump administration said it would finalize the list of goods that would be subject to 25% tariffs by June 15, and that the tariffs would go into effect "shortly thereafter." An initial list, which including items ranging from artificial teeth to flamethrowers, was released at the beginning of April.
A further round of trade talks in Beijing earlier this month failed to yield any breakthroughs.
On Thursday, Chinese Foreign Ministry spokesman Geng Shuang reiterated that China would not honor its pledge to increase purchases of US goods if tariffs were imposed.
The Trump administration last week cut a deal with Chinese telecommunications firm ZTE (ZTCOF) to end a crippling ban that prevented the company from buying American parts. ZTE's fate had become entwined in the trade talks. But the agreement to save the company has faced resistance from lawmakers in Congress, who argue the ban should stay in place because ZTE allegedly poses a security threat.
Trump's decision to move forward with tariffs on China follows his recent imposition of steep tariffs on steel and aluminum imports from Canada, Mexico and the European Union on national security grounds.
Those penalties have been met with consternation by world leaders, and led to a fraught G7 meeting with Canada, France, Germany, Italy, Japan and the United Kingdom last weekend.
After the G7 summit, Trump sent out an angry pair of tweets in which he slammed Canadian Prime Minister Justin Trudeau as "very dishonest & weak," and ordered US representatives not to sign a joint communique with the G7 leaders.
The European Union and Canada have said they will enact retaliatory tariffs starting in July. Mexico has already retaliated with its own tariffs on US goods.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Politic
Rudy Giuliani screams at Piers Morgan in insane TV interview: 'What happened to you, Rudy?'
Jun 04, 2020
Rudy Giuliani just made an appearance on Good Morning Britain with Piers Morgan, and to say it went off the rails would be an understatement. President Trump's personal lawyer participated in what turned out to be a completely bonkers interview on the show on Thursday, which started somewhat normally only to get heated as Morgan grilled Giuliani on Trump tweeting that "when the looting starts, the shooting starts." Giuliani claimed Trump didn't quote a "nutty, horrible racist" on "purpose," but Morgan wasn't buying it, repeatedly calling Giuliani out and asking him why Trump is using "inflammatory language" on Twitter. After many minutes going back and forth on this, the interview finally went fully out of control as Giuliani screamed over Morgan's news coverage and the two traded insults, with Giuliani blasting Morgan as a "liar" and a "failed journalist" after Morgan asked him, "What happened to you, Rudy?" Morgan proceeded to label Giuliani "deranged," "unhinged," and "completely barking mad." As if the whole thing wasn't chaotic enough, they then spent the end of the interview litigating whether Giuliani dropped an F-bomb during the conversation; Giuliani claimed he didn't say live on the air that Morgan "f--ed up," but considering a bleep was added to the Twitter clip posted by Good Morning Britain, the network obviously wasn't convinced. Watch just a small piece of the wild journey below, with more on YouTube.
READ MORE
Celebrity News

> Latest News in Media

Watch It
Cristiano Ronaldo Models In Underwear With Himself | TMZ
June 04, 2020
vqzTv2BPCQo
Killer Mike Holds Call with Grassroots Leaders to Address Systemic Racism | TMZ
June 04, 2020
05Qk2U0VgNQ
Lee Merritt Hopes George Floyd's Murder Case Sends A Message To Police | TMZ
June 03, 2020
G2JxolNmTmY
George Floyd Memorial, Ahmaud Arbery's Case & Meghan's Message - "Nightly Pop" 06/04/2020 | E! News
June 04, 2020
6Qtrajp4VKo
Drew Brees Apologizes for "Insensitive" Remarks on Kneeling Protests | E! News
June 04, 2020
4liQt0gGd3M
Viral Sheriff Explains Walking With George Floyd Protesters | Just The Sip | E! News
June 04, 2020
hzGZrUW8q9E
Who is Julianne Hough dating after Brooks Laich breakup? | Page Six Celebrity News
June 04, 2020
_Feskf0iUqE
Lea Michele apologizes after Samantha Ware says she made her life a ‘living hell’ | Page Six News
June 04, 2020
vfYevxAOePY
Cole Sprouse speaks out about his arrest at LA protest | Page Six Celebrity News
June 03, 2020
U-tVVwrP0AU
Hasan Minhaj, Kumail Nanjiani, Lulu Wang, Jon M. Chu, Ally Maki Join #Represent: Success Stories
May 30, 2020
wuCMpiZ5t6U
'Ramy' Creator Ramy Youssef on Season 2, Working With Mahershala Ali
May 29, 2020
TZk6RXM2OiI
Chris Evans Talks 'Defending Jacob' Season Finale
May 29, 2020
EJkYstFrquo
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
08
Mar
ITALY: Serie A
Juventus - Inter Milan
08
Mar
ENGLAND: Premier League
Manchester United - Manchester City
08
Mar
ENGLAND: Premier League
Chelsea - Everton
08
Mar
SPAIN: La Liga
Real Betis - Real Madrid
08
Mar
ITALY: Serie A
AC Milan - Genoa
07
Mar
ENGLAND: Premier League
Burnley - Tottenham Hotspur
07
Mar
ENGLAND: Premier League
Arsenal - West Ham United
07
Mar
SPAIN: La Liga
Barcelona - Real Sociedad
07
Mar
ENGLAND: Premier League
Liverpool - Bournemouth
07
Mar
SPAIN: La Liga
Atletico Madrid - Sevilla
01
Mar
SPAIN: La Liga
Real Madrid - Barcelona
01
Mar
ENGLAND: Premier League
Everton - Manchester United
01
Mar
ENGLAND: Premier League
Tottenham Hotspur - Wolves
01
Mar
SPAIN: La Liga
Espanyol - Atletico Madrid
01
Mar
ITALY: Serie A
Cagliari - Roma
29
Feb
ENGLAND: Premier League
Watford - Liverpool
29
Feb
ITALY: Serie A
Napoli - Torino
29
Feb
ENGLAND: Premier League
Bournemouth - Chelsea
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM 5NeCb7JxaRk
Copyright © 2020 Feedimo. All Rights Reserved.