Reports are that President Donald Trump wanted to double tariffs on the Chinese after they retaliated against the US’s tariffs starting September 1st. The President had to be talked out of doubling them by CEO’s who warned of the damage it could cause to the economy. Republican Congressman Darin LaHood says there needs to be and end in sight to the disputes with China.
Trump ultimately decided on a five percent tariff hike on $550 billion in Chinese goods. This week the President has been tweeting that any deal with China would be much tougher if done during a possible second term in office.