Donald Trump threatens new taxes on US companies in a move to push global supply chains away from China
Washington — US President Donald Trump threatened to impose new taxes on American companies that produce goods outside the US on Thursday, another move his administration could make to push supply chains away from China and raise new trade barriers.
US officials say that Trump's administration is “turbocharging” efforts to push companies to move production of away from China, partly as a way to punish Beijing for its early handling of the coronavirus outbreak. The former real estate developer spent much of his first three years in office waging a trade war against China over its trade practices, technology transfer and industrial policies, imposing punitive tariffs on $370bn worth of Chinese imports.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trevor Noah schools Donald Trump in one powerful tweetTrevor Noah and The Daily Show have never been afraid of taking swipes at people, especially those who lie and are in positions of power.
Read more »
Trump threatens China ties, says in no mood for Xi talks'We could cut off the whole relationship. If you did, what would happen?' Trump asked. 'You'd save $500 billion if you cut off the whole relationship.'
Read more »
CHINA DAILY: US must stop crowing and start caring about its peopleThe Trump administration needs to boost Covid-19 testing, particularly in nursing homes and senior-care facilities
Read more »
China rejects US claim of attempted vaccine theft as ‘smearing’The claims have added fuel to tensions between the global superpowers, who have traded barbs over the origin of the pandemic that has killed 300,000 people.
Read more »
US condemns 'China-linked cyber actors trying to steal Covid-19 research'The US Secretary of State's comments came after the FBI and Homeland Security raised awareness of what they called threats to coronavirus-related research from 'actors' related to China.
Read more »
Interpol issues red notice for US woman over death of UK teenThe diplomatic headache ramps up as the US refuses to extradite the diplomat’s wife to the UK
Read more »