White House Plans To Escalate Trade Pressure

White House Plans to Escalate Trade Pressure

The White House is preparing to increase trade pressure on China, as President Donald Trump grows frustrated with the lack of progress in trade negotiations between the two countries. The administration is considering a range of options, including new tariffs, sanctions, and investment restrictions. The move could escalate the trade war between the US and China, which has already had a significant impact on the global economy.

The White House has been considering new tariffs on Chinese goods for months, and the president has repeatedly threatened to impose them. The administration is also considering sanctions on Chinese companies and individuals, as well as restrictions on Chinese investment in the US. These measures would be in addition to the tariffs that the US has already imposed on Chinese goods, which have already led to retaliatory tariffs from China.

The White House is also considering withdrawing the US from the World Trade Organization (WTO), which could have a significant impact on the global trading system. The WTO is a multilateral organization that sets rules for international trade. The US is one of the WTO's largest members, and its withdrawal would be a major blow to the organization.

The White House's plans to escalate trade pressure on China are likely to meet with resistance from within the administration, as well as from Congress and the business community. Many economists believe that a further escalation of the trade war would be harmful to the US economy. The business community is also concerned about the impact of new tariffs and sanctions on their operations.

The White House's plans to escalate trade pressure on China are a major development in the ongoing trade war between the two countries. The move could have a significant impact on the global economy, and it is likely to be met with resistance from within the administration, as well as from Congress and the business community.