Trump Admin. Steps Up Pressure On China With Threat Of More Tariffs
Washington -- President Trump has escalated U.S. trade tensions with China, threatening to again raise tariffs -- this time on essentially all remaining Chinese imports, CBS News' Nikole Killion reports from the White House.
U.S. Trade Representative Robert Lighthizer said on Friday Mr. Trump "ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at $300 billion."
Earlier Friday, the U.S. increased tariffs on approximately $200 billion worth of Chinese goods from 10 percent to 25 percent. The $300 billion in imports Lighthizer mentioned Friday hadn't yet been hit in a yearlong dispute over China's push to challenge American technological dominance, allegedly by stealing technology and forcing U.S. companies to hand over trade secrets.
