Business

Trump says China 'broke the deal' in trade talks

May 9, 2019 4:46 pm

US President Donald Trump

US President Donald Trump says China “broke the deal” in trade talks, ramping up hostilities ahead of negotiations between the two sides.

The comments come as Beijing says it will retaliate with “necessary countermeasures” if the US raises tariffs on Chinese products.

Trump has vowed to more than double tariffs on $200bn (£152bn) of Chinese goods on Friday.

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Despite that, the two sides are due to hold trade talks in the US tomorrow.

Ahead of the discussions, Trump accused China’s leaders of breaking the deal the US was negotiating on trade.

He says if the two sides don’t make a deal, there is “nothing wrong with taking in more than $100bn a year”.

Only recently, the two sides seemed to be nearing an agreement that would put an end to the trade war.

But on Sunday Trump said on Twitter the US will hike tariffs on $200bn worth of Chinese goods this week and can introduce fresh tariffs.