TARIFF CRISIS ESCALATING BETWEEN USA AND CHINA




Mustafa AY - TDO On Friday, US President Donald Trump, decreed to implement %15 tariff hikes on Chinese imports worth about $300 billion. Robert E. Lighthizer, President Trump's chief trade negotiator, made remarks concerning the issue: “President Trump ordered us to start the process of imposing extra tariff on all Chinese import goods."

Even though President Trump raised tariffs on Chinese goods worth about $200 billion from %10 to %25 on Thursday, US chief trade negotiator Lighthizer sat on negotiation table with Chinese officials that President Trump assessed as 'constructive and productive'. However, late imposition of tariffs on all remaining Chinese import goods proved President Trump's words to be made in vain.


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