Trump threatens to increase tariffs on China again
President Trump on Thursday upped the ante on China, saying he’ll decide by the end of the month whether to impose tariffs on another $300 billion in Chinese imports.
”Our talks with China – a lot of interesting things are happening. We’ll see what happens. In the meantime, we’re getting 25 percent on $250 billion, and I can go up another at least $300 billion,” Trump told reporters in Ireland before heading to Normandy to attend a ceremony marking the 75th anniversary of D-Day. “And I’ll do that at the right time.”
Trump said he would meet with Chinese President Xi Jinping at the G-20 summit in Japan at the end of June and will make his decision then.
“I will make that decision over the next two weeks, after the G-20 meeting,” he said later during a news conference with French President Emmanuel Macron.
Talks between representatives of Beijing and Washington collapsed last month and Trump increased tariffs on $200 billion worth of Chinese goods.
China retaliated by putting tariffs on $60 billion worth of US products.
Trump, who’s also threatening new tariffs on Mexico, believes a deal will be struck with both countries.
”But I think China wants to make a deal badly. I think Mexico wants to make a deal badly. And I’m going to Normandy,” he said as he prepared to board Air Force One.
But China’s Commerce Ministry said Beijing will not back down.
“If the United States wilfully decides to escalate tensions, we’ll fight to the end,” said ministry spokesman Gao Feng, according to Reuters.
”China does not want to fight a trade war, but also is not afraid of one. If the United States wilfully decides to escalate trade tensions, we’ll adopt necessary countermeasures and resolutely safeguard the interests of China and its people,” he said.
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