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After China Hits Back With Tariffs, Trump Says He’ll Meet With Xi
https://www.wsj.com/articles/china-to-raise-tariffs-on-certain-u-s-imports-
11557750380
President Trump said he plans to meet with Chinese President Xi Jinping next
month when he travels to Japan for a summit, in comments hours after
Beijing increased tariffs on $60 billion of U.S. goods in the latest
escalation of the trade fight.
The retaliation from China came in response to the U.S.’s move Friday to
raise tariffs on $200 billion of Chinese products. Mr. Trump, who last week
threatened to slap tariffs on more than $300 billion of other Chinese
products, said on Monday that he hasn’t made a decision about whether to
proceed with the additional action.
Mr. Trump argued that regardless of whether his administration is able to
reach a deal, the U.S. is “in a great position now” due to strong economic
growth. He also blamed the Chinese for the failure to reach an agreement
last week. “We had a deal with China and it was 95% there,” but then the
Chinese reneged, he said.
On the potential additional tariffs, Mr. Trump said: “We have another $325
billion that we can do, if we decided to do it.…I haven’t made that
decision yet.”
...
https://www.wsj.com/articles/china-to-raise-tariffs-on-certain-u-s-imports-
11557750380
President Trump said he plans to meet with Chinese President Xi Jinping next
month when he travels to Japan for a summit, in comments hours after
Beijing increased tariffs on $60 billion of U.S. goods in the latest
escalation of the trade fight.
The retaliation from China came in response to the U.S.’s move Friday to
raise tariffs on $200 billion of Chinese products. Mr. Trump, who last week
threatened to slap tariffs on more than $300 billion of other Chinese
products, said on Monday that he hasn’t made a decision about whether to
proceed with the additional action.
Mr. Trump argued that regardless of whether his administration is able to
reach a deal, the U.S. is “in a great position now” due to strong economic
growth. He also blamed the Chinese for the failure to reach an agreement
last week. “We had a deal with China and it was 95% there,” but then the
Chinese reneged, he said.
On the potential additional tariffs, Mr. Trump said: “We have another $325
billion that we can do, if we decided to do it.…I haven’t made that
decision yet.”
...
