The U.S.-China trade war intensified on 1 August after
President Donald Trump threatened to impose an additional 10
percent tariff on some Chinese products from smartphones to
Trump said it one day after the two superpowers agreed to
continue trade talks next month. The new tariffs, due to
take effect on 1 September, effectively tax all Chinese
imports to the US.
“Adding tariffs is definitely not a constructive way to
resolve economic and trade frictions, it’s not the correct
way,” Wang said BBC on the sidelines of a meeting of South
East Asian Ministers in Bangkok.
Trump announced the tariff plan on Twitter, while taking aim
at China for not honoring promises to buy more US
agricultural products at this week’s negotiations in
In later remarks, the US President told the 10% tariff was a
short-term measure and that tariffs could be lifted further
in stages to more than 25%.
“Somebody should have done this with China a long time ago,”
Trump suggested the negotiations had gone badly, with China
failing to follow through on its pledges to buy more US farm
products and restrict the flow of fentanyl to America.
“The US will start, on September 1, putting a small
additional Tariff of 10% on the remaining 300 billion
dollars of goods and products coming from China into our
country. This does not include the 250 billion dollars
already Tariffed at 25%,” Trump said.
“We look forward to continuing our positive dialogue with
China on a comprehensive Trade Deal, and feel that the
future between our two countries will be a very bright one!”
Later in the day, before departing for a rally in Ohio,
Trump said he might raise tariffs even more.
The ramp-up in the trade conflict was particularly jarring
because it coincided with growing fears of a global economic
slowdown driven by commercial tensions. On 31 July, the
Federal Reserve cut its main interest rate by 25 basis
points to protect the US economy from the uncertainty
deriving from trade tensions.