pressure on china.
trump said, "for ten months,
china has been paying tariffs to
the usa of 25% on $50 billion of
high tech and 10% on $200
billion of other goods
these payments are partially
responsible for our great
economic results
the 10% will go up to 25% on
friday
$325 billion of additional goods
sent to the u.s. by china remain
untaxed but will be shortly at a
rate of 25%.
the tariffs paid to the usa have
little impact on product costs,
mostly borne by china.
the trade deal with china
continues, but too slowly as
they attempt to renegotiate.