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Trump Said To Ponder Raising Stakes On China With Even Higher Tariff On $200 Billion In Imports
On Tuesday, reports suggested Steve Mnuchin is set to restart negotiations with Chinese Vice Premier Liu He, with whom the Treasury Secretary struck a short-lived trade "truce" back on May 19, after two days of talks in Washington.
That truce (which revolved around the prospect of China purchasing more goods from the U.S.) lasted all of about 10 days. Facing a backlash from the protectionist contingent and fearing Mnuchin's "on hold" comments sent the "wrong" message to his base, the President
The list of goods is mind-blowing and it would have a significant impact on the US economy. We know that Trump really wants free trade with Asia on everything USA, but he is negotiating 1980’s style. Go figure.