Trump renews threat of tariffs on Chinese imports
In the US, president Donald Trump has threatened to impose 10% tariffs on US$300 billion (A$442b) worth of goods imported from China, including ‘virtually all books’, reports Publishers Weekly.
The proposed tariffs would be imposed on 1 September. The tariffs would be retaliation for what Trump considers China’s failure to buy more agricultural products from the US to stop the flow of Fentanyl into the US.
The threat to impose new tariffs comes just over a month after Trump suspended plans to place 25% tariffs on the same group of products, after trade talks between the US and China resumed.
Category: International news