Todd Bishop
The China-US trade war continued. The United States had planned to impose a 25% tariff on about $300 billion of Chinese goods. On Monday (13th), it said that a public hearing will be held on June 17th. The list covers 3805. Item goods.
When US Treasury Secretary Steven Mnuchin attended the House of Representatives hearing on Wednesday (22nd), he pointed out that Washington is still examining the impact of tariff increases on US consumers, and it is expected that there will be no decision on tariffs within 30 to 45 days.
When Mnuchin attended the House hearing, he pointed out that the increase of tariffs may cause American consumers to pay higher prices. He has discussed the impact with many high-level retailers such as Walmart, but believes that the cost of living in American families will not be due to Chinese goods. Significant increase in tariffs.
When talking about the tariff increase measures, Mnuchin said that there will be no decision in the next 45 days, emphasizing that President Trump will protect American farmers from China’s retaliation and will be very selective when selecting the list of Chinese goods subject to tariffs. Be cautious and mean that if China wants to return to the negotiating table, the United States is willing to move on from the past.
