Trump slaps additional 10 per cent tariff on $300 BILLION of Chinese goods amid breakdown in talks – claiming Beijing failed to deliver on pledge to buy U.S. crops and stop the sale of Fentanyl

• President Donald Trump announced he’s imposing a 10 per cent tariff on $300 billion in goods from China
• He said the additional tariff would not affect existing tariffs
• The announcement came after a break down in trade negotiations with China
• Trump said Chinese President Xi Jinping did not keep his promise to buy more U.S. crops and stop the sale of Fentanyl
• Treasury Secretary Steven Mnuchin’s talks in Shanghai broke down without an agreement 
• The president said China would rather deal with one of the Democrats running for president in 2020 
• China is wary of being seen to cave into Trump’s angry demands
• It also could be reluctant to make concessions if it will face off with another president in a few years
• The fed cited trade issues as one factor in its decision to lower key interest rate Wednesday 

Donald Trump announced Thursday he will be imposing a 10 per cent tariff on $300 billion in goods from China in September after trade negotiations with the nation fell through.

‘Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing,’ Trump posted in a Twitter thread Thursday afternoon.

‘Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country,’ he continued, adding this would not affect the tariffs already imposed earlier this year.

‘This does not include the 250 Billion Dollars already Tariffed at 25%,’ he tweeted. ‘We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!’

After a breakdown in trade talks with China, Trump said he was imposing an addition 10 per cent tariff on $300 billion in goods from the country

Trump made the announcement on Twitter after those conducting negotiations, including Treasury Secretary Steven Mnuchin, returned from China

In the Twitter thread, Trump claimed Chinese President Xi Jinping broke his vow to buy U.S. crops and stop selling Fentanyl to America

The president lamented that the tariffs are in response to Chinese President Xi Jinping failing to deliver on buying U.S. crops and putting an end to Fentanyl sales.

‘More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so,’ he tweeted. ‘Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die!’

Earlier Thursday morning Trump claimed that China – as well as other foreign nations, like Iran – are ‘drooling’ at the prospect of getting the opportunity to deal with Democratic presidential candidates.

Trump tweeted about the ‘small prospect’ he might be succeeded by a Democrat hours after ripping Democrats who took to the debate stage in Detroit Wednesday night.

That debate followed yet another breakdown in talks with China over ending the lingering trade war that has hit farmers and cost the U.S. billions in emergency funds meant to bolster them. 

President Donald Trump said China and Iran were ‘drooling’ at the prospect of dealing with Democrats instead of him

Trump’s Treasury Secretary Steven Mnuchin left Shanghai this week with no end to the dispute in sight and the next talks likely to occur in September. 

‘China, Iran & other foreign countries are looking at the Democrat Candidates and ‘drooling’ over the small prospect that they could be dealing with them in the not too distant future,’ Trump tweeted Thursday morning. 

‘They would be able to rip off our beloved USA like never before. With President Trump, NO WAY!’ he added.

Negotiations in Shanghai ended Wednesday with no sign of progress.  When Trump met with Chinese President Xi Jinping he had announced the resumptions of talk and said China would be making new purchases of U.S. agriculture products. 

But goodwill gestures for China to buy soybeans, pork, ethanol have yet to materialize. The White House said China restated its commitment to purchase more. 

Sen. Chuck Grassley of Iowa said: ‘I don’t think you’re going to find that the Chinese ever let the world know that they decide to do something because the United States demanded it.’ 

TAKE YOUR TIME: Chinese Vice Premier Liu He, at right, looks over as United States Trade Representative Robert Lighthizer, third from left gestures near Treasury Secretary Steve Mnuchin, second from left before the start of talks at the Xijiao Conference Center in Shanghai, China July 31, 2019

Chinese President Xi Jinping (L) holds a welcoming ceremony for visiting Colombian President Ivan Duque Marquez before their talks at the Great Hall of the People in Beijing Colombian President Ivan Duque Marquez visit to China – 31 Jul 2019

United States Trade Representative Robert Lighthizer, center left, shakes hands with Chinese Vice Premier Liu He as U.S. Treasury Secretary Steven Mnuchin looks on, left, with Chinese Commerce Minister Zhong Shan, right, after an official photo session at the Xijiao Conference Center in Shanghai on Wednesday, July 31, 2019

President Trump provided commentary on two nights of Democratic debates. Here he President Donald Trump speaks with reporters as he welcomes Mongolian President Khaltmaa Battulga

The delay has brought speculation that China may be reluctant to make concessions needed to reach a deal knowing there could be a change in power in Washington after 2020.   

Iran’s President Hassan Rouhani blasted as ‘childish behavior’ the Trump administration’s move to sanctioning of Iran‘s foreign minister Mohammad Javad Zarif, who helped negotiate the Iran nuclear deal during the Obama administration. 

The sanctions freeze any of Zarif’s assets in the United States or controlled by US organisations and the government will also seek to curtail the diplomat’s international travel. 

Trump had earlier blasted the field of 10 Democrats who debated on stage in Detroit Wednesday night.

‘The people on the stage tonight, and last, were not those that will either Make America Great Again or Keep America Great! Our Country now is breaking records in almost every category, from Stock Market to Military to Unemployment. We have prosperity & success like never before,’ he wrote. 

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