Nov 26, 2018 - Economy

Trump said he'll likely increase tariffs on Chinese imports

President Donald Trump.

Donald Trump. Photo: Win McNamee/Getty Images

President Donald Trump told the Wall Street Journal that he will likely move forward with his plan to increase tariffs on $200 billion worth of Chinese imports to 25% from the current 10% on Jan. 1 if negotiations fail.

Details: The president’s remarks come just four days before he’s expected to meet with Chinese President Xi Jinping on the sidelines of the G20 summit in Argentina. Trump also suggested that the U.S. may slap additional tariffs on Chinese imported iPhones and laptops, even though administration officials have expressed concern about consumer reaction to such a move.

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