Trump to impose tariffs on $200 bn in Chinese goods
Washington, Sep 18 : US President Donald Trump's administration will impose a 10 per cent tariff later this month on $200 billion worth of Chinese goods, increasing to 25 per cent at the end of the year, a move that will sharply escalate the American trade war with Beijing.
The administration announced on Monday that the additional tariffs which will take effect from September 24, are on top of penalties enacted earlier this year on $50 billion worth of Chinese goods, CNN reported.
Taken together, it means roughly half of the products that China sells to the US each year will be hit by American tariffs.
In July, the administration published a list of thousands of products that would be subject to the latest round of trade penalties. More than 300 products were removed from that list -- including smartwatches, health and safety devices and children's playpens.
Trump had urged his advisers to press forward with the $200 billion round, even as Washington and Beijing worked to restart trade talks.
The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators.
"China has had many opportunities to fully address our concerns," Trump said in a statement released Monday evening by the White House.
"Once again, I urge China's leaders to take swift action to end their country's unfair trade practices."
Trump also threatened to inflict more economic pain in the form of additional tariffs if Beijing takes any retaliatory action. Treasury Secretary Steven Mnuchin had invited the negotiators to Washington this week to resume talks.
But China said it would turn down the offer if the US went ahead with more tariffs, CNN said.
Earlier Monday, Trump previewed the announcement at the White House: "It will be a lot of money coming into the coffers of the US. A lot of money coming in."
The President said he was confident an agreement could eventually be reached with China, but stressed such an accord must do right by American workers.
"They want to make a deal," Trump said. "But from our standpoint, it has to be fair. It has to take care of our workers." The tariffs are meant to punish China for alleged unfair trade practices, including intellectual property theft.
China has accused the US of trade bullying and, to this point, has responded dollar-for-dollar with tariffs of its own.
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US lawmakers seek clarity over financial burden, human cost, endgame in Iran conflict
Washington: Tensions rose at the US Capitol on Tuesday as lawmakers sought clearer answers from the Trump administration on the objectives, duration and costs of the ongoing military campaign against Iran, even as preparations advanced for votes aimed at curbing the president’s war powers.
Senior officials, including Secretary of State Marco Rubio, briefed members of the House and Senate for a second consecutive day behind closed doors, as reported by the Associated Press. The sessions came ahead of votes on war powers resolutions that would limit President Donald Trump’s authority to continue joint US-Israel operations without congressional approval.
Rubio told reporters that the president acted to prevent Iran from striking first. He rejected suggestions that Washington moved only because Israel was poised to launch its own offensive, saying instead that Trump believed the weekend presented a rare opportunity to act with maximum impact. “There is no way in the world that this terroristic regime was going to get nuclear weapons, not under Donald Trump’s watch,” Rubio said.
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The conflict has widened following US and Israeli airstrikes on February 28 that killed Iran’s Supreme Leader, Ayatollah Ali Khamenei. Iran has since launched missile attacks targeting US military bases in the region. At least six American service personnel have died so far.
The administration has indicated that supplemental funding may be required to sustain operations. It added that the concerns among lawmakers about the financial burden and potential for a prolonged engagement has disrupted legislative business, sharpening political divisions at the start of a competitive midterm election cycle.
Associated Press cited Senate Democratic Leader Chuck Schumer’s concerns about what he described as possible “mission creep.” Senator Angus King questioned whether the United States had been drawn into war at Israel’s urging, while Senator Elizabeth Warren asked how the campaign aligned with Trump’s “America First” pledge to avoid extended foreign conflicts.
Defence official Elbridge Colby told senators the president had directed the military to degrade Iran’s missile capabilities and prevent it from acquiring nuclear weapons, stressing that the objective was not nation-building. Trump, speaking separately from the Oval Office, dismissed claims that Israel had forced his decision and suggested the conflict could continue if necessary. He has not ruled out deploying US ground troops.
Senator Richard Blumenthal was quoted by Associated Press as saying that he feared the possibility of American boots on the ground while Republican Senator Markwayne Mullin defended the operation, saying the president had acted decisively.
Uncertainty over Iran’s future leadership has added to concerns, with questions mounting about who might succeed Khamenei as Trump rejected the idea of backing Reza Pahlavi, the exiled crown prince of Iran’s former monarchy. Senate Majority Leader John Thune said the future of Iran should be determined by its people and House Speaker Mike Johnson said the United States would not engage in nation-building.
Lawmakers from both parties also reported a surge in calls from constituents seeking assistance for Americans attempting to leave the region as hostilities intensify.
The US Constitution grants Congress the right to declare war, however presidents have routinely begun military activities without formal declarations. Both houses are anticipated to vote on proposals that would require explicit congressional approval to continue operations. Some members have also argued that if constraints are not imposed, Congress should consider issuing an Authorization for the Use of Military Force to put lawmakers on the record.
Associated Press quoted House Democratic Leader Hakeem Jeffries questioning the rationale for the campaign and saying there would be strong support among Democrats for the resolution. Johnson, however, warned that restricting the president during active combat could pose risks.
