U.S President Donald Trump is set to take more actions against Chinese products as he strongly believes that American businesses have been “ripped off” by foreign trade competitors, the White House said.
The U.S has some USD 500 billion trade deficit with China.
Ever since coming to power, Trump has sought to reduce this trade deficit which he says is mainly due to the unfair trade practices of China.
“His goal is free, fair, and reciprocal trade agreements in which other countries grant American products and American exports just as much access as we grant to their products and their imports into the U.S. He’s going to be pushing for that, and there could be additional actions,” White House Deputy Press Secretary Raj Shah told.
According to the Office of the United States Trade Representatives, China is currently U.S’ largest goods trading partner with USD 578.2 billion in total (two way) goods trade during 2016.
Early this month, Trump imposed a 25 per cent tariff on import of steel and another 10 per cent on aluminium.
“The president campaigned on, believes in strongly, that American workers and American businesses have been ripped off by foreign trade competitors and partners in the past, and he wants to level the playing field,” Raj Shah said.