Trump need great deal, news by Hebei Longsheng Metals and Minerals Co, Ltd.
| Trump needs “great deal” to avert all-in China tariff move American duties on Chinese exports may be extended to cover all imports. An announcement could arrive in early December should President Donald Trump’s forthcoming summit meeting with President Xi Jinping not yield the “great deal with China” that President Trump wants. Tariffs already in place on $250 billion of exports don’t appear to have cut the U.S. trade deficit (which rose 10.5% in August on a year earlier) or seaborne imports from China (up 5.5% in September). The 60 day consultation period on the duties would result in their implementation coinciding with the seasonal lull in exports from China in February or March. The Chinese exports to America yet to be targeted for duties were worth $270.44 billion in the 12 months to Aug. 31. The leading products that would be covered include mobile phones ($45.49 billion) and laptop computers ($37.78 billion) though from a political perspective duties on clothing ($27.17 billion) and footwear ($14.06 billion) may prove controversial. |
