Post by account_disabled on Mar 13, 2024 23:44:00 GMT -6
US President Donald Trump assured this Monday that China "will have" to reach a trade agreement with the US. However, it has reiterated its threats about increasing tariffs on Chinese imports if the country's president, Xi Jinping, does not attend the G20 summit to be held at the end of June, where both leaders are expected to meet. will gather. Trump last month raised tariffs on $200 billion worth of Chinese imports and threatened to apply them to all Chinese goods. US President Donald Trump assured this Monday that China will be forced to reach a trade agreement with his country , but has redoubled his threats to impose very high tariffs on all Chinese products if negotiations fail .
China "is going to make a deal because they're going to have to make a deal," Trump told CNBC . " They want to reach an agreement even more than I do ," added the president. Read more: China accuses the United States of "economic terrorism" and claims not to be afraid of a trade war Trump stated that he would continue with his plans to impose new tariffs on another SW Business Directory batch of Chinese products valued at 300 billion dollars (just over 265 billion euros) if Chinese President Xi Jinping does not attend the G20 summit to be held at the end of the year. June and in which it is expected that both leaders will meet. China has not confirmed Xi's plans. Trump has indicated that the escalation of tariffs would occur "immediately.
Trump increased the rate of tariffs on Chinese imports valued at $200 billion (about €177 billion) last month after Washington accused Beijing of backing away from trade commitments that had been reached in the previous 11 rounds of negotiations. , a decision that surprised companies and officials from both countries. Trump's phone call to CNBC apparently came after Myron Brilliant, the head of international affairs at the Chamber of Commerce, warned that further escalation in the trade war could have major consequences for the world's two largest economies . Read more: Several signs suggest that China is about to use its most powerful weapon in the trade war "He's not protecting our country," Trump said of Brilliant.