(Bob Davis – Wall Street Journal)
Four days before a summit with China’s leader, President Trump said he expects to move ahead with boosting tariff levels on $200 billion of Chinese goods to 25%, calling it “highly unlikely” that he would accept Beijing’s request to hold off on the increase.
In an interview with The Wall Street Journal, Mr. Trump said that if negotiations don’t work out, he would also put tariffs on the rest of Chinese imports that are currently not subject to duties.
“If we don’t make a deal, then I’m going to put the $267 billion additional on,” at a tariff rate of either 10% or 25%, Mr. Trump said.
Chinese officials have said their priority at the meeting between Mr. Trump and President Xi Jinping is to convince the U.S. to suspend the planned Jan. 1 increase in tariffs on $200 billion in imports from China to 25%, from 10% currently. Click here to read more.
- Signs Point to Long Haul on Trump’s China Tariffs (Axios)
- Trump Suggests U.S. Could Slap 10% Tariffs on iPhones and Laptops Imported From China (CNBC)
- Trump Dims Hopes of China Trade Deal With Fresh Tariff Threat on Apple Phones (CNN)
- Trump’s Tariff Talks Weighs on Global Stock Markets (Associated Press)