Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding 60% if he wins the US election in November.
Trump reiterated his stance in an interview with Fox News, emphasizing the necessity of such measures against what he perceives as unfair trading practices and intellectual property theft by China.
Despite facing criminal charges, including allegations of attempting to overturn the 2020 election results, Trump remains the frontrunner for the Republican party. His administration’s previous tariffs on Chinese imports have been a contentious issue in US-China trade relations.
Treasury Secretary Janet Yellen cautioned against Trump’s proposed tariff increases, warning that they would escalate costs for American businesses and consumers across a wide range of goods. Yellen’s statement reflects concerns about the potential economic impact and implications of heightened trade tensions between the two global economic powers.
Source: BBC NEWS