Sunday, May 12, 2019

President Trump urges companies to produce domestically to Avoid Tariffs


OAN Newsroom
UPDATED 2:33 PM PT — Saturday, May 11, 2019
President Trump is urging companies to make or produce goods domestically, in order to avoid tariffs related to the ongoing trade dispute with China.
Taking to twitter Saturday, the President said “making or producing goods and products in the good old USA” is a very simple way to avoid tariffs.
This comes after trade talks with China concluded earlier this week, without an agreement between the two nations.
In a statement Friday, U.S. Trade Representative Robert Lighthizer revealed the President had ordered him to begin the process of raising tariffs on essentially all remaining imports from China.
The United States has upped duties on $200 billion worth of goods after accusing China of going back on previous agreements, designed to answer concerns on issues such as access to markets and intellectual property rights.
President Trump has since claimed the talks had been candid and constructive, adding tariffs may or may not be removed depending on what happens with respect to future negotiations.
However, China accuses the U.S. of proposing a one-sided text for a trade agreement, saying there were passages that offended its national dignity, and denies going back on its previous commitments.

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