Trump favors 45% tariff on Chinese imports

(From BBC)

Presidential candidate Donald Trump supports a hefty export tariffs on Chinese goods coming into the US.

Trump

Trump

He said he supports a 45% tax on Chinese goods to address the trade imbalance between the US and China.

The Republican frontrunner told the New York Times: “I would do a tax and the tax, let me tell you what the tax should be … the tax should be 45%.”

Mr Trump said he would expect China to impose its own tax on US goods in retaliation.

China is the second biggest single trading partner to the US and is expected to overtake Canada for the top spot this year.

Importers of Chinese products into the US are charged a tariff based on the type of good.

This isn’t the first time Donald Trump has proposed slapping heavy tariffs on imports.

In 2011, the billionaire businessman told the Wall Street Journal that all Chinese imports should have a 25% tariff. He insists that China has an unfair advantage over the US.

Regardless of the merits of Mr Trump’s claim, there’s no doubt he speaks to a widespread and entrenched fear among American voters. Read more

 



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