President Trump Ready to Impose more Tariffs on China after G-20 Meeting

President Trump Ready to Impose more Tariffs on China after G-20 Meeting

Monday, President Trump said he is ready to impose another round of punitive tariffs on Chinese imports if he does not reach a trade deal with China’s President Xi at a Group of 20 Summit later this month.

Since the trade talks last month in Washington ended in a stalemate, President Trump has said he expected to meet Chinese President Xi at the 28-29 June Summit in Osaka, Japan. China has not confirmed any such meeting, but Washington said it is scheduled.

President Trump said last week he would decide after the meeting of the leaders of the world’s 2 largest economies whether to carry out a threat to slap tariffs on at least $300B in Chinese goods.

In a TV interview Monday, President Trump said he still thought President Xi would attend the Summit. When asked if a fresh round of US tariffs would go into effect if the Chinese leader was not at the meeting, President Trump said, “Yes. It would.”

“If we do not make a deal, you will see a tariff increase,” President Trump said. He added that he has a “great relationship” with President Xi and said Beijing wanted to make a deal with the United States.

China’s foreign ministry said Monday that China is open to more trade talks with Washington 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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