Trump says US is 'where we want to be' on China trade talks
May 13, 2019 4:39 pm
US President Donald Trump said the US is “right where it want to be with China” as both sides remained locked in a bruising trade battle.
The US more than doubled tariffs on $200bn of Chinese goods on Friday, in a sharp escalation of their trade war.
Earlier, Trump’s top economic adviser, said “both sides will suffer” from the trade dispute.
But Trump later downplayed the impact of the tariff hike on the US.
Mr Trump wrote in a post on Twitter – “We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate.”
“We will be taking in tens of billions of dollars in tariffs from China. Buyers of product can make it themselves in the USA, or buy it from non-tariffed countries.”
We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate. We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries…
— Donald J. Trump (@realDonaldTrump) May 12, 2019
On Friday, the US increased a 10% tariff on $200bn worth of Chinese goods – including fish, handbags, clothing and footwear – to 25%.
The Office of the United States Trade Representative has also said it has been ordered to “begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.
China has said it will retaliate but has not announced any details including when it would take action.