At the time, Trump said he’d put off imposing new tariffs indefinitely.
“I promised that, for at least the time being, we’re not going to be lifting tariffs on China,” Trump said at the time. “We won’t be adding an additional tremendous amount of — we have, I guess, $350 billion left, which could be taxed or it could be tariffed. And we’re not doing that.”
Top US trade officials were in China this week to continue negotiations.
In his tweets, the President called the talks “constructive,” but said the Chinese have not restarted buying American agricultural products as they had promised. He also claimed that China had failed to live up to its commitment in stemming sales of fentanyl, a powerful opioid, into the United States.
The move to apply new tariffs is sure to increase anxiety among businesses and Wall Street that the trade war is nowhere near its end.