Trump defends tariffs on China despite advisor claims

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The increase in tariffs on Chinese exports to the United States (US) was more or less a foregone conclusion, as President Donald Trump had not minced any words on the volume of imports ($ 200 billion) that would now be taxed at 25 per cent instead of 10 per cent. "It's not China that pays the tariffs, it's the American importers, the American companies that pay what, in effect, is a tax increase and often passes it off to US consumers".

"US-China relations are continuing their steady deterioration, which I think is an inevitable effect of national interests that are starting to overlap and bump into each other and cause friction", said Jonathan Sullivan, a China specialist at the University of Nottingham.

"Both sides will pay these things.but the Chinese will suffer GDP losses and so forth with respect to diminishing export markets and goods". "I think both sides are very very very far apart". These goods are then shipped to China, from where they are exported to the U.S. after value addition, according to the National Economic and Social Development Council.

In the US, he said that "maybe the toughest burdens" are on farmers who sell soybeans, corn and wheat to China. The administration has already hit $50bn of additional Chinese goods with 25 percent duties.

"President Trump wants to use this move to negotiate with China from a favourable position", he continued.

"Such an easy way to avoid Tariffs?" the US leader said, "Make or produce your goods and products in the good old USA". Yet nearly no economist has agreed with Trump's view and fact-checkers routinely brand the president's assertion false and point out that USA importers of goods from China pay the tariffs.

"So if you need that new iPad, it is you who will be paying the import duty, not some worker in China", Weinberg wrote in a research note.

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Imposing those tariffs would impact a wide range of consumer goods - clothes, shoes, toys, and electronics such as iPhones - that have been mostly exempted so far and could prompt steep cost increases that many Americans would likely notice. "We see a significant risk for all Chinese imports to be subject to tariffs over the next month or so", said Michael Hanson, head of global macro strategy at TD Securities.

Rep. Seth Moulton, who entered the presidential race last month, said the U.S.

But like so many tweets from the Donald J. Trump account, that's not exactly how tariffs work: the levies will be paid by US importers of tariffed Chinese goods, who will take a hit on their profit margins, or, more likely, push those costs onto consumers.

"The expected countermeasures have not yet materialised. We may know more today or even this evening or tomorrow", he told "Fox News Sunday".

"Fair enough", Kudlow said.

Trump has since defended the tariff hike and said he was in "absolutely no rush" to finalize a deal.

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