NEWS BLIPS
White House Shrinks Tariffed List of Chinese Exports
Editor's Note: This news item was retrieved and first published through CNBC's website.
CNBC reports on the Trump Administration's plans to unveil a truncated list of between 800 and 900 Chinese export tariffs, versus the original list of about 1,300 products published by the U.S. trade representative in April. It's expected President Donald Trump has met with top trade advisers on the matter. The President reserves the final decision on whether to impose tariffs. The expected tariffs on Chinese goods appear while relations with multiple major trading partners have grown increasingly bitter.
According to the CNBC article by Kayla Tausche and Jacob Pramuk, "The expected tariffs on Chinese goods come as relations with multiple major trading partners have grown increasingly bitter. The U.S. faces retaliation not only from Beijing but also from allies such as Canada, Mexico and the European Union." Secretary of State Mike Pompeo visited Beijing to discuss the next steps in the effort to get North Korea to abandon its nuclear and missile programs. The Trump administration is currently trying to strike a trade agreement with China that would lead to the U.S. exporting more goods. The administration emerged from the summit between Trump and Kim Jong Un with North Korea's commitment to “complete de-nuclearization”. The Trump administration is currently trying to strike a trade agreement with China that would lead to the U.S. exporting more goods.
For the complete article on CNBC's website, click here.