Published: Sat, September 08, 2018
Money | By Armando Alvarado

Trump administration considering sanctions over Chinese hackers

Trump administration considering sanctions over Chinese hackers

Now Trump says he's got another $267 billion in tariffs ready to go on short notice if he wants.

While China's response to USA demands has been unsatisfactory, Trump is still speaking to Xi, and would be open to meeting in person, said Kudlow, director of the White House's National Economic Council.

The tariffs would potentially hurt USA companies that import everything from handbags to bicycle tires.

A public comment period on the import taxes ended Thursday.

If the president followed through with all his proposed tariffs, essentially every good being imported from China would be taxed.

The US has already imposed tariffs on $50bn in Chinese products, and Beijing has punched back with tariffs on $50bn in American goods. China has threatened retaliation, which could include action against USA companies operating there. "Things can change rather quickly, so the trade war, if a lot of the threats do materialise, I think things will turn very quickly". That would basically cover all the imports from China that aren't already covered. China has warned that it would retaliate with import taxes on $60 billion worth of USA goods.

The U.S. Trade Representative's office received almost 6,000 comments and held seven days of public hearings on the proposed levies.

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Earhardt also asked Trump if Democrats will move to impeach him if they retake the House doing midterms. Trump has pledged to spend more time on the road campaigning than his immediate predecessors.

Specifically, Kudlow said, the United States was seeking "zero tariffs, zero non-tariff barriers, zero subsidies, stop the IP theft, stop the technology transfer, allow Americans to own their own companies".

"Our concern with these tariffs is that the US will be hardest hit, and that will result in lower USA growth and competitiveness and higher prices for US consumers", Apple said in the letter.

White House economic adviser Larry Kudlow just hours before said talks with Beijing were continuing to try to defuse the conflict, and that he was hopeful that a solution could be found.

Earlier this year, the Trump administration imposed a package of tariffs on $50bn of incoming Chinese-made parts used for "aerospace, information and communication technology, and machinery".

However, she seemed to have a different position than Mexican Economy Minister Ildefonso Guajardo on the relationship between the NAFTA talks and the United States steel and aluminum tariffs.

"It's never too late to make good trade policy", Kudlow said.

"Those have been our asks for many months and so far those asks have not been satisfied", he said.

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