lørdag 11. mai 2019

Trump Renews Trade War as China Talks End Without a Deal

Trade talks between China and the United States ended on Friday without a deal as President Trump raised tariffs on $200 billion worth of Chinese imports and signaled he was prepared for a prolonged economic fight.

Mr. Trump, who only weeks ago predicted a signing ceremony for an “epic” trade deal with President Xi Jinping of China, reclaimed his stance of threatening Beijing and insisting his approach would help the American economy. In a flurry of tweets on Friday, Mr. Trump warned that he would tax nearly all of China’s imports if the country continued to backtrack on a trade deal.

“Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch!” Mr. Trump said on Friday morning, adding that the Chinese “should not renegotiate deals with the U.S. at the last minute.”