President Trump, days before a summit with China’s leader, said that he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25 percent, calling it “highly unlikely” that he would accept Beijing’s request to hold off on the increase, the Wall Street Journal reported. Trump suggested that if negotiations don’t produce a favorable outcome for the U.S., he would also put tariffs on the rest of Chinese imports that are currently not subject to duties. “If we don’t make a deal, then I’m going to put the $267 billion additional on” at a tariff rate of either 10 percent or 25 percent, Trump said. He first threatened those duties, and the higher tariffs on the initial $200 billion in goods, in late summer.
