In a series of tweets by the president last week, he has threatened to increase tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent and levy a new 25 percent fee on all remaining Chinese imports “shortly.’’
A number of sources indicate that Trump has accused China of trying to “renegotiate” the terms of an agreement that representatives have been trying to finish for five months.
Several trade groups have urged the president to drop his threatened escalation citing additional tariffs hurt "...U.S. families, U.S. workers, U.S. companies and the U.S. economy.”
The recent tweets are a change of tone based on recent administration statements that they had been optimistic about a deal.
This is an evolving situation and we will keep you updated a new information becomes available.