Papua New Guinea

VP Pence: U.S. willing to double tariffs on China if fair trade deal is not made

Vice President Mike Pence vows the U.S. will not change course on tariffs until China makes concessions to alleviate the trade deficit. While speaking at the APEC summit Saturday in Papua New Guinea, Pence warned the U.S. is willing to double its current tariffs on Chinese goods. Current duties affect more than $250 billion worth of products, and may be playing a role in China’s slowing economy.