China threatens U.S. with higher tariffs

News

Still no break in the trade war between the US and China.

President Trump is touting the benefits of boosting tariffs on 200-billion dollars’ worth of chinese imports. Beijing is expected to fight back.

In a tweet Sunday, the president said: “We are right where we want to be with China.”  But China won’t be footing most of the bill for u-s tariffs.

Moody’s analytics chief economist says Americans are already paying they just don’t really know it, it’s kind of a stealth tax. but it’s going to become a very obvious tax not too far from now if this continues.

President Trump’s top economic adviser, Larry Kudlow, admitted as much.

The Chinese say they will take necessary counter-measures to the tariff hike.

President Trump doesn’t seem concerned. In another Sunday tweet, he said China loves “ripping off America!”

Kudlow confirms no additional discussions with the chinese are on the agenda, but he said trade rep. Robert Lighthizer and Treasury Secretary Steve Mnuchin have been invited to China for more talks.

For local and breaking news, and to get weather alerts, download our FREE mobile app from the Apple App Store or the Google Play Store.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don’t Miss

Win a trip to see Mel Robbins
Join the Pro Football Challenge
On the Trail: VR/360º
Bailey's Bites: On The Road
Sunday Morning Matters
MedWatch Today
Hispanic Heritage
CBS47 On Your Side
Bulldog Insider: The Podcast
The Valley's Armenia

CBS47 On Your Side

Do you have a problem that you need help solving? Contact Investigative Reporter Erik Rosales and let him be

On Your Side.

Email erikrosales@cbsfresno.com