Trump Says He'll Raise China Tariffs If Xi Won't Meet at G-20

 

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By Margaret Talev and Kathleen Hunter, Bloomberg

June 10, 2019

 

President Donald Trump threatened to raise tariffs on China again if President Xi Jinping doesn’t meet with him at the upcoming Group of 20 summit in Japan.

 

Trump told reporters at the White House on Monday that he could impose tariffs of 25%, or “much higher than 25%” on $300 billion in Chinese goods. “We’ve never gotten 10 cents from China and now we’re getting a lot of money from China,” the president said.

 

Trump was asked in an interview with CNBC earlier in the day whether the additional tariffs would be enacted immediately if there’s no meeting at the summit later this month.

 

“Yes, it would,” he answered. “I think he will go and I think we’re scheduled to have a meeting. I think he’ll go, and I have a great relationship with him. He’s actually an incredible guy, he’s a great man. He’s very strong, very smart, but he’s for China and I’m for the United States.”

 

Trade talks with China hit an impasse last month after the president accused Beijing of reneging on provisions of a tentative agreement. The two countries have since escalated their trade war.

 

“China is going to make a deal because they’re going to have to make a deal,” Trump said Monday.

 

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more, including links

https://www.bloomberg.com/news/articles/2019-06-10/trump-says-he-ll-raise-tariffs-on-china-again-if-xi-skips-g20