In a pair of tweets, President Trump said he will hike tariffs on $200 billion worth of imports to 25 percent from 10 percent, the Washington Post reports.
“Trump had twice before postponed the scheduled increase to allow negotiators to seek a comprehensive deal. His threat increases pressure on a deal that Trump said has been going ‘too slowly.'”
Jonathan Swan: “A source familiar with the situation told me that the Chinese had been backing off of agreements the U.S. negotiating team believed they had already made. Trump’s view, the source said, is that he’s negotiating from a position of clear economic strength, especially with the latest strong U.S. jobs numbers.”