Trump Threatens Another $300 Billion in Tariffs on Chinese Goods




 

President Trump on Thursday threatened to impose additional tariffs on "at least" $300 billion in Chinese goods if Beijing refuses to acquiesce to his demands.

"Our talks with China, a lot of interesting things are happening. We'll see what happens. . . . I could go up another at least $300 billion and I'll do that at the right time," Trump told reporters before boarding a plane to France for the D-Day commemoration. "But I think China wants to make a deal and I think Mexico wants to make a deal badly."

Tensions between Washington and Beijing have continued to escalate since May, when Trump raised tariffs on $200 billion in Chinese goods to 25 percent after face-to-face negotiations broke down.

In response to Trump's provocation, Beijing vowed to "fight to the end" to protect its interests.

"If the United States willfully decides to escalate tensions, we'll fight to the end," ministry spokesman Gao Feng told a regular news briefing. "China does not want to fight a trade war, but also is not afraid of one. If the United States willfully decides to escalate trade tensions, we'll adopt necessary countermeasures and resolutely safeguard the interests of China and its people."

Taking questions beside French president Emanuel Macron following his remarks in Normandy, Trump told reporters that he would not make a final decision regarding whether to implement additional tariffs on China until after Treasury secretary Steve Mnuchin meets with his counterparts in Japan for the G20 summit next week.

The president's comments come after negotiators for the U.S. and Mexico failed to come to an agreement on Wednesday that would've avoided the implementation of a 5 percent tariff on Mexican goods entering the U.S.

Trump vowed to impose the levy last week if Mexico fails to stem the flow of migrants that has surged across the southern border in recent months. The tariffs are slated to take effect on Monday if a deal is not reached.

"Mexico was in yesterday. They're coming back this morning. . . . I think a lot of progress was made yesterday, but we need to make a lot of progress," Trump told reporters. "They have to step up and they have to step up to the plate - and perhaps they will."

COMMENTS

More Related News

Justice Dept. ratchets up antitrust scrutiny of Big Tech
Justice Dept. ratchets up antitrust scrutiny of Big Tech

The U.S. Department of Justice opened a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers. It said the probe will take into account "widespread concerns" about social media, search engines and online retail services. Its antitrust division is seeking information from the public, including those in the tech industry.

Trump sues House panel, NY to protect state tax returns
Trump sues House panel, NY to protect state tax returns

Opening up another legal front against the Democrats investigating him, President Donald Trump on Tuesday sued the House Ways and Means Committee and New York state officials to prevent his state tax returns from being turned over to the congressional committee. The lawsuit seeks an injunction to block the application of a new New York state law that could allow the Democratic-controlled House and Ways Means Committee to obtain the returns. The lawsuit, filed in Washington, comes amid a furious White House attempt to prevent the president's tax returns to wind up in Democratic hands.

Iran announces arrests, death sentences as CIA spy ring busted
Iran announces arrests, death sentences as CIA spy ring busted

Iran arrested 17 suspects and sentenced some to death after dismantling a CIA spy ring, an official said Monday, as tensions soar between the Islamic republic and arch-enemy the United States. Security agencies "successfully dismantled a (CIA) spy network," the head of counter-intelligence at the Iranian intelligence ministry, whose identity was not revealed, told reporters in Tehran. Tehran has been at loggerheads with Washington and its allies since May 2018, when President Donald Trump unilaterally withdrew the US from a landmark 2015 deal putting curbs on Iran's nuclear programme in exchange for sanctions relief.

'Our paychecks bounced': US workers in limbo as coalmines suddenly close

Blackjewel files for chapter 11 in a move critics say is increasingly used to avoid paying workers what they are owed A mother and daughter walk past a line of miners' cars down Highway 421 in Harlan, Kentucky. Many questions about Blackjewel's operations have not been answered. Photograph: Alton Strupp

Voice Of America Ignores Reasons For Trump
Voice Of America Ignores Reasons For Trump's Criticism Of Rep. Ilhan Omar

Ilhan Omar, but failed to include most of the reasons for the criticism.VOA wrote "Trump has found his latest target for acerbic ridicule - a hijab-wearing Muslim newcomer to Congress named Ilhan Omar."The news agency mentioned briefly only two instances of Omar's anti-Semitic remarks, referring to one as playing "off tropes questioning the influence of Jewish money in American politics."Trump began tweeting Sunday about how the "'Progressive' Democrat Congresswomen…should go back and help fix the totally broken and crime infested places from which they came. Then come back and show us how it's done."The tweets were likely aimed at Democratic Reps. Omar, Alexandria Ocasio-Cortez of New...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.