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Bloomberg
Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will “shortly†be subject to tariffs, President Donald Trump said on Sunday, in a warning to China as what could be a closing round of talks for a trade deal are set to start in Washington this week.
Trump suggested in announcing the move on Twitter that he was acting because he’s not satisfied with the pace of progress in negotiations with China.
“The Trade Deal with China continues, but too slowly, as they attempt to renegotiate,†Trump said in his tweet. “No!â€
Chinese President Xi Jinping’s top trade envoy, Liu He, returns to Washington this week for what could be a closing round of trade talks.
The White House has ramped up pressure to reach a deal, warning it could still walk away from the months-long
negotiations.