China raises tariffs on United States imports in trade war

Finished electronics have avoided the Trump administration's tariffs on goods imported from China, but soon that may not be the case.

President Donald Trump vowed Tuesday to help hard-hit American farmers caught in the middle of the escalating trade war between Washington and Beijing.

President Trump sounded confident in a series of tweets Tuesday morning that the United States is in a "fantastic position" in the trade war with China.

"When the time is right we will make a deal with China", Trump tweeted.

Trump also is considering extending tariffs to virtually everything American companies import from China, which economists warn would spill over into the global economy and United States industries say would be catastrophic. "Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy".

"It will always continue", said the U.S. president, who has announced plans to meet Chinese President Xi Jinping at a G20 summit in Japan late next month.

Chinese Foreign Ministry spokesman Geng Shuang also said it was his understanding that China and the United States had agreed to continue "pursuing relevant discussions", cited by Reuters.

That was before Trump raised the rate on $200 billion in Chinese products from 10 percent to 25 percent.

"The US move damaged the interests of the two sides and did not meet universal expectation of the global community", the statement said. Farmers are also suffering from extensive flooding that has delayed planting. The president also ordered tariffs to be raised on all remaining United States imports from China, which are valued at around $300 billion. This should have been done by our leaders many years ago.

USA agricultural products have been targeted by China's retaliatory tariffs, and American farmers, a key political constituency for Trump, are increasingly frustrated with the failure of the two sides to find a solution to the dispute. The trade war with China is "a little squabble".

More than 10 rounds of negotiations have been held between the two sides, ever since the two leaders agreed to put a hold on the trade dispute on the sidelines of previous year " s G20 summit in Argentina.



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