Trump: Paperwork Started for New Tariffs on Chinese Products
U.S. and Chinese trade negotiators have ended the first of two days of talks aimed at saving a trade deal even as President Donald Trump said “We’re starting that paperwork today” for imposing new “very heavy tariffs” on Chinese products.” The United States is set to impose an increase in tariffs from 10% to 25% on $200 billion worth of Chinese imports. They will go into effect before Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin return to the table. Liu He is leading the Chinese negotiating team for the talks, which threatened to collapse after the Trump administration accused Beijing of backtracking. “We were getting very close to a deal, then they started to renegotiate the deal,” said Trump on Thursday…