WASHINGTON: China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top US trade officials said on Monday .
Chinese Vice Premier Liu He is expected to be in Washington on Thursday and Friday of this week for further talks."We're not breaking off talks at this point. But for now ... come Friday there will be tariffs in place," Lighthizer said. China has repeatedly said it will make changes to open its economy according to its own timeline, not in response to trade disputes.
Businesses, while largely supportive of Trump's tough stance on China, want the tariffs to be lifted. Mnuchin said on Monday that the stock market reaction was not affecting U.S. decisions on the trade talks. US officials have acknowledged this, and insist that only tariffs can provide leverage to enforce an agreement.
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