Trump ‘ready’ to Introduce a Levy of 505 Billion dollars of Chinese Goods. US President Donald Trump states he is “ready” for the introduction of additional charges of 505.5 billion dollars in Chinese import goods.
As a result, an Extra tax will apply to all Chinese exports to the United States.
“I do not do this because of politics, I do this because it’s right for our country,” said the former businessman.
“We have been scammed by China for a long time.”
He emphasised nothing against the country, but to find improper commercial practices.
So far, the US has imposed additional charges on 34 billion dollars of Chinese trade products.
Also assumed that 16 billion dollars would increase this amount.
The United States exported 129.9 billion dollars worth of goods to China in 2017, according to data from the US Census Bureau.
If Trump decides to increase the import duties, it will be tough for China to pay with the same currency.