Tuesday, October 20, 2020

Trump proposes China to manufacture products in US to avoid tariffs

Featured

GIP releases inaugural annual report at second plenary meeting

The Second Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP) was held today in...

Pakistan re-elected as member UNHRC

Pakistan has been re-elected to the United Nations Human Rights Council (HRC) with an overwhelming majority securing 169 votes...

Indonesia to host Trade Expo Indonesia 2020 Virtually

The Government of Indonesia is once again hosting its biggest annual international business exhibition, the Trade Expo Indonesia (TEI)...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

US President Donald Trump has proposed that China manufacture its products in the United States as a way to avoid tariffs on US imports of Chinese goods.

“An easy way to avoid tariffs?” Trump Twitted on Saturday. “Make or produce goods and products in the United States. It’s very simple.“He said.

The US president ordered yesterday to increase tariffs on China’s imports of $ 200 billion from 10 percent of the value of products to 25 percent to press Beijing, which Washington accuses of backing down its previous commitments to change its laws to comply with Trump’s demands on trade relations. The latest round of trade negotiations between US and Chinese officials without reaching an agreement.

China, in turn, vowed to take countermeasures to increase US tariffs, prompting observers to fear a full-scale trade war between the two countries.

While the two governments stressed that the negotiations will continue, Trump, at the same time, praised the progress of the talks in the last two days, adding that Washington may retract the imposition of such fees based on what will take place in the next talks.

For months, the United States has been negotiating with the Chinese government to seek a trade agreement that would guarantee the United States to reduce its trade balance deficit with China and force the latter to make arrangements to protect US products in a bid to avoid a tariff war..

Trump has adopted an industrial policy that encourages companies to manufacture their products in the United States to create more jobs and push economic indicators for the United States, showing less interest than previous environmental considerations.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

GIP releases inaugural annual report at second plenary meeting

The Second Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP) was held today in...

Pakistan re-elected as member UNHRC

Pakistan has been re-elected to the United Nations Human Rights Council (HRC) with an overwhelming majority securing 169 votes in the 193-member UN General...

Indonesia to host Trade Expo Indonesia 2020 Virtually

The Government of Indonesia is once again hosting its biggest annual international business exhibition, the Trade Expo Indonesia (TEI) on 10 – 16 November...

The World Health Organization warns countries not to be complacent in measures to prevent Corona

The Executive Director of the World Health Organization's emergency program, Dr.Mike Ryan, has warned all countries of the world against negligence in following the...

South Korea records 102 new cases of coronavirus

South Korea's Quarantine Command Center said today, Tuesday, that the total number of people infected with Covid-19 rose to 24,805, an increase of 102...

Related News