US President Trump announced yesterday, August 1, that he will impose a new tariff on $300 billion on Chinese-made products from September 1, which would put a tax on all Chinese goods coming into the US.
"Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of products coming from China into our country," he tweeted.
Later in White House he added to reporters, "It can be lifted in stages so we're starting at 10% and it can be lifted up to well beyond 25%," the President said. "But we're not looking to do that, necessarily."
Trump wasn't pleased that China had not offered concrete promises to purchase American agricultural products during the talks, something he believed was agreed to when he met with Chinese President in June at the Group of 20 summit.
"The business community was surprised by the President's announcement of new tariffs," said Doug Barry, communications director for the US-China Business Council, "We are concerned that today's actions will drive the Chinese away from the negotiating table".