White House Economic Adviser Larry Kudlow said earlier that American companies would pay for the tariffs on Chinese imports as well as Chinese enterprises imposed by the Trump administration.
Commenting on the trade war between the two states, US President Donald Trump claimed on Twitter there is “no reason” for Americans to pay more due to the tariffs he recently introduced against Chinese goods, also reiterating that a Chinese response would only make things worse for Beijing.
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Trump also noted that he had warned Chinese, including his counterpart President Xi Jinping about possible consequences.
The statements by the US president come after last week he increased the level of tariffs from 10 percent to 25 percent on about $200 billion worth of Chinese imports. Trump also ordered tariffs to be raised on all remaining US imports from China, valued at around $300 billion, saying they would produce “massive payments” to the US Treasury Department.
The trade dispute between the two countries started a year ago, with both Washington and Beijing introducing billions of dollars’ worth of retaliatory tariffs on each other.