His efforts to bring China to the trade bargaining table have unsuccessful so far….
But American trade groups and consumer groups are NOT HAPPY with all this….AT ALL…
prices for American good will rise in the upcoming months while China leveling its own import fee’s on American good in efforts to have it’s own countries consumers move to local goods that will be cheaper vs American products…..Remember?
China is a YUGE consumer market that America HAS been making money off of….
The Trump administration will levy 10% tariffs on roughly $200 billion worth of Chinese imports on September 24, and the duty will increase to 25% by the end of the year, the president announced Monday.
Why it matters: The tariffs are the latest blow in an escalating trade conflict between the world’s two largest economies. They also come as White House officials try to broker negotiations to end the trade war with Beijing.