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US inserts $ 200B fees into Chinese goods, WH says, but is about resuming Friday

The Trump administration continued to raise $ 200 billion in Chinese goods on Friday after a round of US-China trade negotiations on Thursday failed to create a deal. "Tonight, Ambassador Lightizer and Secretary Mnuchin met with President Trump to discuss the ongoing trade negotiations with China," White House Deputy Secretary Judd Deere said in a statement. "The Embassy and Secretary then had a working dinner with Deputy Prime Minister Liu He and agreed to continue discussions tomorrow on the USTR. "(USTR refers to the office of US Trade Representative Robert Lighthizer.) The new tariffs increased the import fees for these goods from 1 0 percent to 25 percent at 12.00 am on Friday. said that calls would continue Friday. TRUMP'S ATTACKS ON POWELL REPORTED HURT US-CHINA TRADE TALKS "I am different from many people," said Trump to reporters at White House "I think the tariffs for our country are very powerful." The two world's largest economies approached a trade agreement for to open the Chinese market for US companies, but negotiations fell apart when China demanded changes to the text that acted as a blueprint for a pact, the New York Times reported. US negotiators have also accused China of renouncing their commitments. Trump responded in a Sunday tweet by threatening to raise existing fees to 25 percent and introducing new billions of dollars into Chinese imported goods. "We got very close to a deal so they started negotiating the deal," Trump said. "We can't have it." The majority of…

The Trump administration continued to raise $ 200 billion in Chinese goods on Friday after a round of US-China trade negotiations on Thursday failed to create a deal.

“Tonight, Ambassador Lightizer and Secretary Mnuchin met with President Trump to discuss the ongoing trade negotiations with China,” White House Deputy Secretary Judd Deere said in a statement. “The Embassy and Secretary then had a working dinner with Deputy Prime Minister Liu He and agreed to continue discussions tomorrow on the USTR. “(USTR refers to the office of US Trade Representative Robert Lighthizer.)

The new tariffs increased the import fees for these goods from 1

0 percent to 25 percent at 12.00 am on Friday. said that calls would continue Friday.

TRUMP’S ATTACKS ON POWELL REPORTED HURT US-CHINA TRADE TALKS

“I am different from many people,” said Trump to reporters at White House “I think the tariffs for our country are very powerful.”

The two world’s largest economies approached a trade agreement for to open the Chinese market for US companies, but negotiations fell apart when China demanded changes to the text that acted as a blueprint for a pact, the New York Times reported. US negotiators have also accused China of renouncing their commitments.

Trump responded in a Sunday tweet by threatening to raise existing fees to 25 percent and introducing new billions of dollars into Chinese imported goods.

“We got very close to a deal so they started negotiating the deal,” Trump said. “We can’t have it.”

The majority of goods facing increased tariffs are items such as circuit boards, vehicle parts and machines, according to the Wall Street Journal. The proposed tariffs on the Chinese import reminder – the $ 200 billion goods – would undoubtedly affect consumers. These products include iPhones, laptops, clothing and other everyday products.

PRESIDENT TRUMP THINKS CHINA SHOULD GET COAL FEED ON TRADE: LATE. JOHN THUNE

China has already introduced customs duties on almost all American goods. On Thursday, it said it would defend its interests and react with “necessary countermeasures” if the drivers enter into force on Friday.

“I came here this time under pressure to show China’s great sincerity,” said Chinese Deputy Prime Minister Liu He in an interview with State Transmitter CCTV after arriving in the United States, according to the Wall Street Journal.

A jockey car crosses a pile of 40-foot China Shipping containers at Savannah Harbor in Savannah, GA. For several months, the US economy has pulled off the tariffs of America and China for tens of billions of dollars of each other’s goods. (Associated Press)

The escalating trade conflict began more than a year ago when the United States accused Beijing of stealing or pushing US companies to submit their technology to their competitors, among other complaints.

On Wednesday, Trump told Chinese President Xi Jinping

Trump has routinely accused China of exploiting US trade policy, but said a trade pact might question.

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“Well, we’re very close to a deal with China” continued Trump. “But it is a question of whether or not I want to do it. I mean we should either do a real deal or we will not make an agreement at all. And if we do not do a business We will charge China, and it will be fine. We will – frankly, we will make a lot of money. “

Editor’s note – An earlier version of this story gave a false number for the estimated value of the Chinese goods affected by the new US customs.

Fox News reporter Gregg Re has contributed to this report.

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