WASHINGTON: U.S. President Donald Trump said recently, he would be happy to keep tariffs on Chinese imports in place, adding that China was mistaken if it hoped to delay a trade deal with the United States until a Democrat controlled the White House.
Trump made the comments after Reuters reported that China had backtracked on almost all aspects of a draft trade agreement between the two countries, in a move that threatened to blow up months of negotiations.
The United States will increase tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent at 12:01 a.m. EDT (0401 GMT) on Friday, 10th May, according to a notice posted on the Federal Register, the U.S. Government's official journal.
Trump announced the increase in a Twitter message on Sunday, 5th May.
