The President told the Wall Street Journal in a I published on Monday that it was "highly unlikely" that he…
The President told the Wall Street Journal in a I published on Monday that it was “highly unlikely” that he would accept an offer by Chinese leader Xi Jinping aimed at warding Trump’s plan to raise tariffs on more than 200 billion kronor of Chinese goods to 25% in January.
He warned once again that he was ready to release a third round of tariffs on Chinese goods if the two leaders fail to settle an end to the trade change when they meet later in the week in Buenos Aires, Argentina, later on G20 summit.
“If we do not make an agreement, I will add another $ 267 billion,” says Trump in the interview. Adding the customs level can be either 10% or 25%.
Trump said in the interview that could include tariffs on Apple products imported from China, including iPhones and laptops. Apple’s stock fell by 1
.5% in the aftershore trade, which erased previous profits from the day.
“Maybe. Perhaps. Depending on what the price is,” said the president. “I mean I can make it 10%, and people could stand that easy.”
Customs has filed complaints from US companies responsible for paying import duties. It has also strained concern for renewed inflation, just as the Federal Reserve will raise interest rates in December.
More than 100 companies have already prevented telegraphs during the third quarter counting on the damage additional tariffs would lead to the US economy. Several companies including Walmart, the country’s largest retailer, have warned that the prices of groceries such as shampoo, detergents and stationery – such as napkins – will be more expensive for consumers.
In the lead of the weekend’s leadership meeting, Trump surrogates have been constantly warned for Beijing negotiators that threats from the president should be taken seriously.
Vice President Mike Pence said earlier this month that Trump had no hurry to end the trade war and was willing to “more than double” the tariffs it has already imposed on $ 250 billion in Chinese goods. The United States “will not change until China changes its way,” said Pence in his speech at the Asia-Pacific Pacific Summit in Papua New Guinea.
The upcoming meeting is the only immediate occasion for a direct meeting between Trump and Xi before January 1, January 1, and investors are eagerly looking for signs of violence between the two sides.
Trump secured games on every possible deal with his Chinese counterpart when he spoke to South Lawn with reporters. “It may happen. They must treat us fairly,” he said.
While so much of the attention to regret the damage of existing customs has fallen on China, politicians and economists also warn that there could be deeper consequences for US companies if Chinese choose to restrict US investments.
“Many issues for business are uncertainty,” said David Dollar, a leading employee of the John L. Thornton China Center at Brookings Institution, and a former financial and financial emissary to China for the finance ministry under President Barack Obama. “They can live with any political regime, that is, whether we are taxing everything from China or not. They just hate uncertainty.”