Trump Goes to Twitter to Threaten Billions More in China Tariffs

By Douglas A. McIntyre Updated Jan 6, 4:57AM EST · Published May 5, 4:09PM EDT

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Trump Goes to Twitter to Threaten Billions More in China Tariffs — © Pool / Getty Images

Negotiators working on the trade deal between the U.S. and China may have through they had Sunday off. A series of tweets ending that. President Donald Trump has become unsettled by the pace of the negotiations. And, he has threatened to up the ante to force China to the table on terms he believes are necessary to avoid a trade war

@realDonaldTrump
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For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….

11:08 AM – 5 May 2019

@realDonaldTrump
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….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!

[nativounit]

The trade wars with China, now decades old, have been particularly heated over the course of the Trump presidency due to his willingness to impose threaten large tariffs and then to impose them quickly to put economic pressure on the Chinese. While there is little direct proof this has worked, many economists believe that it has started to slow the Chinese manufacturing economy. Higher tariffs could, if so, pressure Chinese PMI and GDP numbers more.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.