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No country ‘off the hook’ on US tariffs, Trump warns
US President Donald Trump warned on Sunday that no country would be getting “off the hook” on tariffs, as his administration suggested exemptions seen as favouring China would be short-lived.
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The world’s two largest economies have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault that particularly targeted Chinese imports.
Tit-for-tat exchanges have seen US levies imposed on China rise to 145 per cent, and Beijing setting a retaliatory 125 per cent band on US imports.
The US side had appeared to dial down the pressure slightly on Friday, listing tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source.
02:40
China raises tariffs on US goods to 125% as Xi calls on EU to resist ‘unilateral bullying’
China raises tariffs on US goods to 125% as Xi calls on EU to resist ‘unilateral bullying’
Trump and some of his top aides said on Sunday that the exemptions had been misconstrued and would only be temporary as his team pursued fresh tariffs against many items on the list.
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