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Trump says he would impose additional tariffs on China

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Reuters
Reuters
Reuters is an international news organisation owned by Thomson Reuters

WASHINGTON: US President Donald Trump said on Wednesday he would impose additional tariffs on China if he did not reach a trade deal with Chinese leader Xi Jinping.

“I would do additional tariffs, very substantial additional tariffs, if that doesn’t work, if we don’t make a deal,” Trump said in an interview with Fox Business Network. But he left open the possibility that the two leaders could make a deal to avert further tariffs.

The world’s two largest economies have been caught up in a bruising trade war which has seen both sides slap tit-for-tat tariffs on each other’s exports, hurting businesses and stoking concerns among firms that they could be caught up in the cross-fire.

U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, are set to meet for the first time in seven months at this weekend’s G20 summit in Japan, but prospects for progress in the trade talks look slim.

Brunswick also surveyed 1,000 U.S. consumers for their opinions on China. It said that American opinions of Chinese companies were worsening and that 60% of respondents had noticed price increases on household goods since tariffs were increased.

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