Read more of USTR Lighthizer's Statement on Section 301 Action: https://t.co/kYIrbRgDKe pic.twitter.com/dFfQTvC3RK— USTR (@USTradeRep) 1 August 2018
DW: US to apply more pressure on China with new tariff hike
US Trade Representative Robert Lighthizer has said the scope of tariffs on China is set to increase. The measure would come amid an ongoing trade dispute and after Trump threatened to apply levies on all Chinese goods.
Senior officials in US President Donald Trump's administration said on Wednesday that proposed tariff rates on $200 billion worth of Chinese goods would be raised from 10 percent to 25 percent, in an effort to "encourage" China to change its trade policies.
The Trump administration aims to push changes on China's policies on intellectual property protection, technology transfers and subsidies for high technology industries.
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WNU Editor: These new tariff rates (raised from 10 percent to 25 percent) is to blunt any moves by China to devalue its currency.
