Trump accuses China of violating US tariff truce
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President Trump said at a rally in Pennsylvania on Friday that he is going to double tariffs on steel imports from 25% to 50%. The hike, the president said, "will even further secure the steel industry in the United States.
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the ongoing trade war between Washington, D.C., and Beijing.
The United States and China agreed Monday to a 90-day truce in their raging ... with Chinese officials in Switzerland. “And what had occurred with these very high tariffs … was an embargo ...