Tariff War: America can increase tariff on Chinese goods to 80 percent, President Trump hints
On the internet media site Truth Social, Trump said that 80 percent tariff on Chinese goods seems fine. But the final decision in this regard will be taken by Finance Minister Scott Besant. In another post, Trump said that China should also open its market for America, it will be good for them. Good trade cannot be done by closing the market for the products of other countries.
The Weekly Mail Post 
Just before the talks with China on import duty, US President Donald Trump has indicated to reduce tariffs. Currently, 145 percent tariff is levied on goods coming from China to America, but Trump has indicated to reduce it to 80 percent.
On the internet media site Truth Social, Trump said, 80 percent tariff on Chinese goods seems fine. But the final decision in this regard will be taken by Finance Minister Scott Bessant.
China should also open its market for America
In another post, Trump said, China should also open its market for America, it will be good for them. Good trade cannot be done by closing the market for the products of other countries.
These posts of Trump have been made public before the talks of Finance Minister Bessant and US Trade Representative Jamison Greer with China's Deputy Prime Minister He Li Feng on Saturday in Geneva.
China imposed 125 percent duty on American goods
It is known that in response to America's 145 percent tariff, China has imposed 125 percent duty on its goods. While America is the country with the largest economy in the world, China is in second place in terms of economy.
A trade war had started between the two countries.
Not only this, America is China's biggest trading partner. In January, after taking oath as President, Trump had announced to increase tariffs on goods of all major countries of the world including China. After that, a trade war had started between the two countries.
