FLASH: President Trump said again that he could impose additional tariffs on Chinese imports if he wants, after promising to hold off on more duties in a trade dispute truce he reached with China’s Xi last month.
“We have a long way to go as far as tariffs where China is concerned, if we want. We have another $325-B we can put a tariff on, if we want,” President Trump said. “So, we’re talking to China about a deal, but I wish they did not break the deal that we had.’
President’s Trump and Xi called a tariff ceasefire and agreed to resume trade talks after meeting at the G-20 Summit in Japan in late-June.
Our President said he would hold off on a threat to impose tariffs on an additional $325-B in Chinese imports, and that President Xi had agreed to buy large amounts of US farm goods in exchange. But those purchases have not happened yet.
US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer expect to have another call this week with Top trade negotiators in China, and the 2 may travel to Beijing for meetings if the discussions by phone are productive, Secretary Mnuchin said Monday.
President Trump resumed pressure on China through Tweets this week about the ongoing trade tensions. Monday, our President indicated that the US tariffs were having their intended impact by squeezing China’s economy.
The US expects China to announce significant purchases of from US farmers, President Trump’s Top economic adviser, Larry Kudlow, told reporters Monday, implying that the step is necessary for trade talks between 2 nations to advance.
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