Trump Tweets US Plan as Tariffs on Chinese Products Kick In
U.S. President Donald Trump sent a series of tweets Friday on the escalating trade war with China, as the U.S. increased tariffs from 10% to 25% on $200 billion worth of Chinese imports that China vows to retaliate to. "We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. NO MORE!" Trump went on to tweet that trade talks with China are proceeding in a "congenial manner" and "there is absolutely no need to rush" to finalize a trade agreement. The president threatened to impose 25% tariffs on an additional $325 billion worth of Chinese goods. He noted that Washington sells Beijing about $100 billion worth of goods, and with the more than $100 billion in tariffs received, the U.S. will buy agricultural products…