U.S. Raises Tariffs On Chinese Goods. Trade Talks Have Ended For Today

Daily Mail: China trade talks are DONE for the day after Trump declares 'no need to rush' and pulls the trigger on $200billion-worth of tariffs that will hit U.S. consumers, sending the Dow down 300 points

* US Customs and Border Protection imposed the new 25 percent duty on affected US-bound cargoes leaving China after 12.01am on Friday
* The president said talks continue in a 'very congenial manner'
* The talks resume after Thursday negotiations failed to stop the U.S. from imposing tariffs
* China has vowed to retaliate
* Global markets rose Friday on hopes of a potential deal
* Trump is promising to have the U.S. government buy up U.S. agriculture products and ship them to 'starving' countries
* He also used the trade war to attack Democratic rival former Vice President Joe Biden
* The hike comes in the midst of two days of talks between top US and Chinese negotiators to trying to rescue a faltering deal to end a 10-month trade war
* China's commerce ministry said 'necessary countermeasures' would be taken
* Mike Pence said the administration is working 'hour by hour' to reach agreement
* Economists and industry consultants have said it may take three or four months for American shoppers to feel the pinch from the tariff hike
* They say retailers will have little choice but to raise prices on a range of goods

China trade talks in Washington broke up for the day Friday after President Donald Trump said there was 'no rush' to complete them and hailed new tariffs on $200 billion of Chinese products as a boon to the U.S.

Treasury Secretary Steve Mnuchin declared Friday afternoon that trade talks were done for the day. Mnuchin called the talks 'constructive' after meeting with Chinese negotiator Liu He and US Trade Representative Robert Lighthizer, CNBC reported.

The talks between U.S. negotiators and the world's second-largest economy came hours after the Trump administration slapped a 25 per cent tariff on $200 billion worth of Chinese goods, from bikes to TV monitors and orange juice.

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WNU Editor: Trade talks have just ended .... Treasury Secretary Mnuchin says China trade talks are done for the day (CNBC).

More News On The U.S. Raising Tariffs On Chinese Goods

The Latest: Trump says China trade talks ‘very congenial’ -- AP
US hikes tariffs on Chinese goods, Beijing vows retaliation -- AP
Trump's tariff hike on Chinese goods takes effect as trade talks continue -- France 24
US imposes increased tariffs on Chinese goods, despite talks -- DW
Trump raises tariffs on $200 billion of Chinese goods, prompting Chinese warning -- ABC News
White House says talks with China to continue on Friday -- AFP
New tariffs kick in as US-China trade talks head into second day -- Al Jazeera

President Trump Responds

Trump says no hurry to reach deal with China as trade war escalates -- Reuters
Trump claims new China tariffs help, not hurt, United States -- AP
Trade war: Trump says no need to rush on China talks -- BBC
Donald Trump tweets: No need to rush to a trade deal with China -- SCMP
‘Easier & quicker’: Trump says tariffs are actually better than deal with China -- RT
Trump defends tariffs: 'Will bring in FAR MORE wealth' than traditional deal -- The Hill