Money and business

Trump reveals the date of his talks with China regarding customs duties

US President Donald Trump revealed today, Monday, the date of his talks with China.
He explained that the talks between the United States and China will take place “most likely during the next 24 hours.”

America and China talks regarding customs duties

This comes hours before entering the new customs duties imposed.
As of Tuesday, 10 % customs duties will be added to those that were previously imposed, on all Chinese goods received to the United States.

Trump’s customs duties on China

Last Saturday, the US President had an order to impose harsh customs duties on imports from Mexico, Canada and China.
Trump declared an economic emergency to impose 10% fees on all imports from China.
He also announced the imposition of 25% on imports from Mexico and Canada – the largest of the US trading partners – with the exception of Canadian oil, which will be 10%.

American customs duties goals

Trump stated that the fees aim to force countries to do more to stop the flow of narcotic fentanel to the United States.
He continued: But it is also in line with Trump’s adoption of protective measures to enhance local manufacturing and as a source of the federal government’s revenues.

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