Trump: From October 1, $250b. worth of Chinese goods taxed an extra 5%

August 24, 2019 00:13
Breaking news

Breaking news. (photo credit: JPOST STAFF)

US President Donald Trump tweeted on Friday night that he means to increase taxing on $250b. worth of goods and products from China by 5% from 25% to 30% starting from the first of October. 
From September first, the remaining $300b. of Chinese goods coming into the US will be taxed an extra 5%, from 10% to 15%. 
Trump argued that China “had been taking advantage of the US on Trade, Intellectual Property Theft, and much more.” 
“As President, I can no longer allow this to happen!” He said. 

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