Trump on China trade talks: I will impose ‘very substantial’ additional tariffs if no deal is reached
Ahead of G-20 Summit, Trump vows more tariffs on China if no deal is reached
Before leaving for the G-20 Summit, President Trump, in an exclusive interview with Fox Business' Maria Bartiromo on Wednesday, vowed to impose additional tariffs on China if a trade deal is not reached. “When tariffs go on in China, we are taking in billions and billions of dollars," Trump said. "We never took in 10 cents — now you have another $325 billion that I haven’t taxed yet. It’s ripe for taxing — for putting tariffs on." Trump is expected to meet with Chinese President Xi Jinping on Saturday to discuss trade between the world’s two largest economies. The result could have broad implications for the markets and the global economy.
Before leaving for the G-20 Summit, President Trump, in an exclusive interview with Fox Business' Maria Bartiromo on Wednesday, vowed to impose additional tariffs on China if a trade deal is not reached. “When tariffs go on in China, we are taking in billions and billions of dollars," Trump said. "We never took in 10 cents — now you have another $325 billion that I haven’t taxed yet. It’s ripe for taxing — for putting tariffs on." Trump is expected to meet with Chinese President Xi Jinping on Saturday to discuss trade between the world’s two largest economies. The result could have broad implications for the markets and the global economy.
Although it’s “possible” to reach a good deal, Trump said his “plan B” may include a 10 percent tariff on the remaining "$600 billion" worth of Chinese goods. Besides Xi, Trump's agenda in Osaka includes sit-downs with Russian President Vladimir Putin, Turkey's Recep Teyyip Erdogan, Saudi Crown Prince Mohammed bin Salman, Germany's Angela Merkel and Japanese Prime Minister Shinzo Abe.
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