A little while ago Trump admitted that China is NOT in hurry to make a deal on imports until next falls elections…
So ?
No surprise in his announcing more import tax’s against their products coming into America….
President Trump escalated his trade war with China on Thursday, saying that the United States would impose a 10 percent tariff on an additional $300 billion worth of Chinese imports after China failed to keep its promise to buy more American agricultural products.
Mr. Trump, who had agreed in June not to impose more tariffs while the two sides tried to reach a trade deal, said on Twitter that the new tariffs would go into effect on Sept. 1. Those new levies would be in addition to the 25 percent tariff that has already been imposed on $250 billion of imports and would essentially tax all Chinese products sent into the United States.
“We thought we had a deal with China three months ago, but sadly, China decided to renegotiate the deal prior to signing,” Mr. Trump said. “More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so.”