The head of the White House added that Chinese goods for $325 billion are not subject to duties now. Soon they will be collected in the same 25%.
On May 10, Washington will increase in duties on Chinese products at $200 billion from 10% to 25%. The President of the United States Donald Trump announced it on Sunday.
“For 10 months, China paid US duties on high-tech products for $50 billion in the amount of 25% and 10% – for other goods for $200 billion. These payments partially explain our huge economic success. This 10 % will increase to 25% on Friday,” he wrote on his Twitter.
In addition, Chinese goods worth another $ 325 billion are not subject to duties now. Soon they will be charged the same 25%.
“Negotiations on a trade agreement with China continue, but are very slow,” the US President said.