Us president donald trump later told the media china

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US President Donald Trump later told the media, “China called last night our trade people and said, ‘let’s get back to the table’, so we’ll be getting back to the table, and I think they want to do something”. Day 416: August 25, 2019 – Trump, White House make contradictory statements
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US President Donald Trump told the media he was having “ second thoughts ” about the tariffs he had levied against China. Later, a White House spokesperson said that the only regret Trump had was that he had not imposed higher tariffs on China. Day 414: August 23, 2019 – China announces US$75 billion in tariffs on US goods, Trump threatens tariff increases on Chinese goods The Customs Tariff Commission of China’s State Council announced US$75 billion in tariffs on US goods. Five and 10 percent tariffs will be imposed on 5,078 US goods in two batches, from September 1 ( list 1 ) and December 15, 2019 ( list 2 ), respectively. Later on the same day, the State Council approved to reinstate Chinese tariffs on US automotive and auto parts starting December 15, 2019. The five and 25 percent Chinese tariffs on US automotive and auto parts had been exempted since January 1, 2019. The first batch of US goods that will be affected from September 1 are organized in four parts: Part 1 includes 270 agriculture products that will be subject to a 10 percent tariff; Part 2 includes 646 agriculture products and some industrial products that will be subject to a 10 percent tariff; Part 3 includes 64 agriculture products that will be subject to a five percent tariff; and Part 4 includes 737 agriculture products, ores, chemicals, and some industrial products that will be subject to a five percent tariff. The second batch of US goods that will be affected from December 15 are also organized in four parts: Part 1 includes 749 agriculture products, as well as chemicals, woods, stones and industrial products, that will be subject to a ten percent tariff; Part 2 includes 163 automotive products and some other industrial products that will be subject to a ten percent tariff;
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Part 3 includes 634 agriculture products, chemicals, some pharmaceutical products, and some industrial products, which will be subject to a five percent tariff; and Part 4 includes 1815 agriculture products, wood products, paper products, textile products, industrial products, and auto parts that will be subject to a five percent tariff. China’s retaliatory tariff on US$75 billion worth of US goods was released after the USTR announcement of tariffs on August 13 on US$300 billion worth of Chinese goods – scheduled to begin on September 1 ( list 4A ) and December 15 ( list 4B ). US President Trump reacted to the August 23 announcement on Twitter, stating, “American companies are hereby ordered to immediately start looking for an alternative to China”. Subsequent reports indicated that this threat was based on a controversial interpretation of the US’ International Emergency Powers Economic Act (IEPA) from 1977.
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