Home > Trump Says He Will Increase Chinese Tariffs If No Deal Made By G20 Meeting

Trump Says He Will Increase Chinese Tariffs If No Deal Made By G20 Meeting


Reuters reports President Donald Trump said Monday he has plans to impose another round of tariffs on Chinese imports. The U.S. president said he will slap new tariffs on China if he can't make a deal with Chinese president Xi Jinping at a G20 summit later this month. Trump has repeatedly said he expects to meet China's president at the June 28-29 summit in Osaka, Japan. China has not confirmed its presence at the meeting. Trump told CNBC Monday that he has a “great relationship” with Xi and that Beijing wants to make a deal with the United States. China’s foreign ministry said Monday that China is open to more trade talks with Washington but has no current plans for a meeting.

Added on the 10/06/2019 12:32:03 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • As China's Xi Jinping Prepares To Meet Trump At G20, Chinese Economy Stable But Weak

    Business Insider reports the state of the Chinese economy heading into a meeting of the G20 is stable--but weak. Policymakers say that attempts to target injections of credit into the system won't be enough to keep the economy stable in the face of increasing pressure. And that pressure isn't just coming from the trade war, but China's old nemesis — corporate and financial sector debt. If trade hostilities continue to ratchet up, China's economy could be tipped into another period of major strain, like what was seen at the end of 2018.

    27/06/2019 - Wochit
  • Trump Says Tariffs Could Be Lower & Trade Deal Still Possible With China

    According to a report by Reuters, on Wednesday, US President Donald Trump said that while a trade deal with Chinese President Xi Jinping was possible this weekend, he is prepared to impose US tariffs on virtually all remaining Chinese imports if the two countries fail to reach an agreement. Trump reportedly also raised the possibility of imposing a lower, 10% duty on a $300 billion list of Chinese imports, as opposed the proposed 25% rate. On Saturday, Trump is expected to meet with Xi in Osaka, a conversation that has the potential to revive stalled negotiations between the world's largest economies or propel it deeper into a costly trade war that would drag down global growth and roil financial markets.

    26/06/2019 - Wochit
  • Trump Says Deal May Come Out Of Talk With Chinese Leader Xi Jinping In G20 Summit

    President Donald Trump said it’s possible a deal will occur during his upcoming meeting with Chinese leader Xi Jinping. According to Reuters, this would take away any need to impose more tariffs on goods from China. Trump said he would meet with Xi at the G20 summit in Japan, hoping to ease tensions between the two countries. He said: “It’s possible that we’ll make a deal but I’m also very happy where we are now.” The president said Chinese leaders want to make a deal with the U.S.

    26/06/2019 - Wochit
  • U.S. Treasury Secretary Says U.S., China Were Close To Trade Deal

    U.S. Treasury Secretary Steven Mnuchin reportedly said that the United States and China were close to a trade deal. “We were about 90% of the way there (with a deal) and I think there’s a path to complete this,” Mnuchin said in an interview to the news channel. U.S. President Donald Trump and his Chinese counterpart Xi Jinping will meet this week at the G20 summit in Japan hoping to calm their 11-month trade war. Separately, in comments on recent U.S. sanctions on Iran, Mnuchin said he believes the sanctions “are working”.

    26/06/2019 - Wochit
  • Senior U.S.-Chinese Trade Negotiators To Meet Before Trump-Xi Meeting At G20

    According to a report by Reuters, on Wednesday, the top US trade negotiator said that it is in the interests of China and the United States to have a successful trade deal and he expects to confer with a senior Chinese official before next week's G20 summit, where President Donald Trump and Chinese President Xi Jinping are scheduled to meet. U.S.

    19/06/2019 - Wochit
  • Faut-il renforcer la taxe Gafa ? Mounir Mahjoubi : "Pourquoi pas"

    @PascaledeLaTour : "Envisagez-vous de déposer un amendement pour renforcer l'efficacité de la taxe ?". @mounir : "Pourquoi pas mais on a voté une taxe qui va permettre de rapporter entre 400 et 600 millions, c'est déjà la moitié du chemin". #LaMatinaleLCI @LCI #La26.

    25/09/2019 - LCI