News ID: 233576
Published: 1209 GMT October 30, 2018

Trump says he expects ‘great deal’ with China, but more tariffs if not

Trump says he expects ‘great deal’ with China, but more tariffs if not
REUTERS

US President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars’ worth of new tariffs ready to go if a deal is not possible.

“I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told FOX News Channel’s “The Ingraham Angle” on Monday.

Trump said in the interview he would like to make a deal now, but that China was not ready. He did not elaborate, according to Reuters.

Bloomberg news reported on Monday that Washington was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Trump and President Xi Jinping fail to ease the trade war.

Both Trump and Xi are expected to attend next month’s G20 summit in Buenos Aires, Argentina, where they could meet.

Chinese Foreign Ministry spokesman, Lu Kang, said China and the US have all along been in communication about exchanges at all levels, including a possible Xi-Trump meeting in Argentina, though he gave no details.

If the US is not willing to promote win-win cooperation with China, then China is fully confident in being able to continue with its reforms and develop itself, Lu added.

The US has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods.

“And I have $267 billion waiting to go if we can’t make a deal,” Trump said.

Trump has long threatened to impose tariffs on all remaining Chinese imports into the US if Beijing fails to meet Washington’s demands for sweeping changes to Chinese trade, technology transfer and industrial subsidy policies.

 

 

 

   
KeyWords
 
Resource: Reuters
Comments
Comment
Name:
Email:
Comment:
Security Key:
Captcha refresh
Page Generated in 0/1448 sec