President Trump wants companies to produce products in the U.S. in order to avoid the effects of his trade war with China.
“Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!” Trump said Saturday on Twitter.
Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!
— Donald J. Trump (@realDonaldTrump) May 11, 2019
Trump raised tariffs on $200 billion worth of Chinese imports on Friday, as the world’s two largest economies were on the brink of a trade deal.
Trump warned he could soon impose 25% tariffs on all remaining Chinese imports.
The U.S. trade representative said Friday night Trump “ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.”
China has threatened to retaliate with its own “countermeasures,” likely targeting U.S. agriculture.
U.S. negotiators want China enshrine into law changes that would open the country’s market to American companies and better protect intellectual property, in exchange for the lifting of tariffs on China.
Author: Josh Siegel
Source: Washingtonexaminer: Trump says companies should produce products in ‘good old USA’ to avoid tariffs