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Trump escalates China trade war, threatens tariffs on $200 billion in products
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Contributor | RP |
Last Edited | RP Jun 19, 2018 06:27am |
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Category | News |
Author | David J. Lynch and Heather Long |
News Date | Tuesday, June 19, 2018 09:50:00 AM UTC0:0 |
Description | President Trump threatened Monday to levy tariffs on nearly all of China’s products shipped to the United States unless Beijing agrees to a host of sweeping trade concessions, a dramatic escalation that would enlist American consumers in the brewing U.S.-China commercial conflict.
Such a step would be virtually unprecedented in U.S. history and would put nearly all of the $505 billion in products that the United States imports from China under tariffs.
“I think Trump is completely misreading the Chinese,” said Phil Levy, an economist who served in the George W. Bush White House. “No one who followed China closely thought a direct public threat was going to get them to change. China is fixated on appearing strong.” |
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