Trump going ahead with $200 billion more in China tariffs

Donald Trump

Modal Trigger AP

White House spokeswoman Lindsay Walters said: "The President has been clear that he and his administration will continue to take action to address China's unfair trade practices".

Trump's top economic adviser, Larry Kudlow told Fox News on Wednesday that the United States government had received information that "the top of the Chinese government wished to pursue talks" prompting Mnuchin to send an invitation.

A White House spokesman didn't immediately respond to a request for comment on Saturday afternoon.

"We encourage China to address the long standing concerns raised by the Unites States".

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This comes as the USA already placed a 25 percent duty on 50 billion dollars of Chinese imports.

"We are under no pressure to make a deal with China, they are under pressure to make a deal with us", Trump tweeted. Some have advocated a more cautious, diplomatic approach. He wants China to buy more American products, open up China to more USA investment, and stop stealing US intellectual property, among other things.

The proposed additional sanctions come as trade negotiations between the two countries have failed to make any real breakthroughs.

Earlier this week, Treasury invited senior Chinese officials, including Vice Premier Liu He, for more talks to try to resolve trade differences between the world's two largest economies.

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On Sept. 7, Trump warned that he had further tariffs ready to go on $267 billion worth of Chinese imports beyond those that will be targeted this week.

Trump has tried to use tariffs as a way to penalize a number of countries this year, including Mexico, Japan, Canada, and members of the European Union, hoping that the threat of driving up costs on their products will make them more open to his demands. If imposed, those tariffs would bring the total imports from China subject to penalties to more than $500 billion. This week, the USA invited China to hold talks on the tariff dispute.

Adding in the $200 billion list and another $267 billion of Chinese goods, total imports from China facing tariffs would exceed the $505 billion in goods that the United States imported from China past year. "Talks without action won't do the trick".

The U.S. ran a $233.5 billion deficit in goods trade with China during the first seven months of the year, an 8 percent increase compared with the same period in 2017. The two leaders may see other at the United Nations General Assembly in NY later this month and are scheduled to meet on the sidelines of the G-20 summit in Buenos Aires in November.

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