Posted Date: 11/10/2018
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Trump threatens to increase taxes again. China faces the US tariff stick without compromise.

Overseas media: Trump threatens to increase taxes again. China faces the US "tariff stick" without compromise.

Original title: Overseas media: Trump threatens to increase taxes again. China faces the US "tariff stick" without compromise.

Trump threatens increase taxes again

The news network reported on October 11 that overseas media said that US President Trump threatened again on the 9th that if China retaliates against the current tariffs and other measures taken by the US in the process of escalating the trade war between the two countries, he will Additional tariffs on imports from China for an additional $267 billion.

Trump raises tax threats

According to Reuters reported on October 9, Trump also told reporters in the oval office that China is not ready to reach a trade agreement. When asked if China is going to retaliate and is prepared to impose tariffs on more goods in China, Trump said, "Of course, absolutely." 

According to the British "Financial Times" website reported on October 9, when China and the United States fell into a escalating trade war, US Treasury Secretary Mnuchin said that he hoped that China would not engage in a competitive devaluation of the renminbi.

According to the report, Mnuchin said in an interview with the Financial Times that the US Treasury has "very carefully" focused on currency issues. He expressed the hope to discuss the issue of the renminbi with Beijing as part of the trade negotiations. 

Mnuchin said: "When we look at trade issues, there is no doubt that we want to ensure that China does not compete for devaluation."

The report said that due to the Sino-US trade war, the Chinese economic slowdown and the strengthening of the US dollar, the RMB is under pressure this year.

Mnuchin said: "The renminbi has depreciated significantly this year. This situation stems from various factors, and we look forward to discussing these factors with them. We absolutely hope to ensure that the renminbi issue must be part of any trade understanding we have reached.

Trump threatens to increase taxes again. China faces the US tariff stick without compromise.


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