Taking questions from the press while meeting with French President Emmanuel Macron, President Donald Trump said on Thursday that he will reserve his decision on whether to further increase tariffs on China until after meeting with Chinese leader Xi Jingping at the G-20 summit later this month in Japan.
Responding to a reporter’s question, President Trump said, ”Additional tariffs on China? Well, you mean what am I going to put the extra $325 billion worth of tariffs? I will make that decision I would say over the next two weeks. Probably right after the G-20. One way or the other I’ll make that decision after the G-20. I’ll be meeting with President Xi and we’ll see what happens. But probably planning it sometime after G-20.”
If President Trump increases tariffs on China by another $325 billion that will essentially amount to tariffs being charged on everything that China exports to the United States.
In July 2018, President Trump began imposing tariffs on Chinese goods. The tariffs have gradually increased over time as the Chinese communist regime has been reluctant to make changes to issues of U.S. and international, concern which have benefitted China economically as well as advancing the country’s technological and military capabilities.
Tactics used by the Chinese regime to strengthen themselves in their stated quest for global domination, include forced transfer of sensitive technology from foreign companies before allowing them to do business in China, intellectual property theft, hacking the computer systems of American companies to steal valuable research, development and technology and excessive subsidizing of Chinese companies, giving them unfair global trading advantages.
Tariffs in 2018 started at 25 percent on $50 billion of Chinese goods. When China imposed retaliatory tariffs, President Trump added 10 percent on another $200 billion of Chinese imports to the United States.
On May 10, 2019, President Trump increased the tariffs to 25 percent on all $250 billion previously tariffed after the president said that the Chinese regime backed out of earlier agreements in their ongoing trade negotiations.
This type of direct punitive action has not been taken against China by any prior American president or any other world leader before President Trump. China experts such as Michael Pillsbury and Gordon Chang have commented that the Chinese regime is feeling nervous and uncertain as it has not been able to read President Trump or predict what he may do next and realize that retaliatory actions on their own, if taken too far, will have a negative effect on China’s own economy.
Despite the tensions, numerous nations and even leaders in the Democratic Party such as Chuck Schumer have been supportive of the president’s strong actions against China.