“It’ll go substantially higher over a course of a year,” he said. But he added that he wanted to give time for potentially affected companies to bring their factories to America to avoid tariffs.
China condemned tariffs launched or threatened by US President Donald Trump at a World Trade Organisation meeting on Tuesday, saying such “tariff shocks” could upend the global trading system in a warning dismissed as hypocritical by Washington.
President-elect Donald Trump doubled down on his tariff threats Thursday night, pledging to raise tariffs on European Union nations unless they increase their purchases of American oil and gas to narrow the trade gap with the United States.
