Trump tweets optimism on China trade, lines up new U.S. tariffs

 

Susan Heavey & Ben Blanchard, Reuters

May 13, 2019

 

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump sounded optimistic about prospects for a trade deal with China on Tuesday even as his administration readied 25 percent tariffs on all remaining Chinese imports with no new talks scheduled.

 

In early-morning tweets, Trump kept up his “America First” agenda in support of hefty tariffs and called on U.S. companies to back him by shifting their businesses away from China. But he also softened his tone on soybeans and other agricultural products, appealing to Beijing to act.

 

“When the time is right we will make a deal with China,” Trump said. “It will all happen, and much faster than people think!”

 

“Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference,” he wrote in post addressing U.S. farmers directly.

 

Trump said on Monday that he expected to meet with Chinese President Xi Jinping at a G20 leaders summit in Japan in late June.

 

TARIFFS IN HAND ...

 

STOCKS RELIEF ...

 

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https://www.reuters.com/article/us-usa-trade-china/china-says-us-has-agreed-to-keep-talking-over-trade-war-idUSKCN1SK0A7