Trump threatens tariffs if China's Xi doesn't meet with him

Erika Holt
June 13, 2019

Trump has previously said his administration is now taxing "35 percent to 40 percent" of Chinese goods the USA imports.

Shi also said that US demands for "enormous" changes to intellectual property laws in China was a central factor in the devolution of trade negotiations.

The arguments for Xi to meet Trump mostly revolve around the need to prevent greater economic damage.

"Yes, it would", he answered. "Companies to come to the U.S.A and to get companies that have left us for other lands to come back home". "I would be surprised if he didn't go".

Still, Xi has also watched as Trump repeatedly escalated a trade war despite hailing a personal friendship between the two men.

His overall aim, the Republican said, is to ensure that China never overtakes the United States as the world's top economy.

Eswar Prasad, a trade professor at Cornell University and a former head of the China department at the International Monetary Fund, said expectations from any talks were low. The two countries have since escalated their trade war.

The Group of 20 summit later this month could lead to progress towards a trade deal with China but is not the venue for a "definitive agreement", US Commerce Secretary Wilbur Ross said Tuesday.

On Tuesday in Beijing, a Foreign Ministry official demurred. On May 30, the Chinese government accused the United States of "economic terrorism".

He said if a trade deal is not struck in the near future, "there are another 60 percent and that'll be taxed". "Let's see what happens", he said in response to a question. "We expect to meet with President Xi very shortly". China very much wants to make a deal.

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At the last meeting between Trump and Xi at the G-20 in Argentina previous year, they emerged with a 90-day truce that opened space for more talks.

He said Beijing needed to agree to four or five "major points", but did not specify what they were. He went on to complain about the size of America's trade deficit, saying, "We lose a fortune with virtually every country. You know, we're leading in everything", he said. The president has pushed for greater protection of intellectual property, and although China fast-tracked a new law to protect foreign investors in March, the changes have not placated Trump. We are scheduled to talk and to meet.

"Huawei is very powerful, very strong", he said in the interview. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World. "What did the president do when it came to Mexico?".

China hasn't yet confirmed Xi will attend the G20 in Osaka, Japan but Trump has kept insisting Xi has to so they can make a deal ending their extremely rancorous trade war.

Speaking at a White House press conference after meeting with the president of Poland, Trump said that he predicts a deal will be reached, but warned that, failing this, the levies would be applied.

President Donald Trump said he's personally holding up a trade deal with China and that he won't complete the agreement unless Beijing returns to terms negotiated earlier in the year.

For some Chinese experts, this sounds again like a trick.

Trump told CNBC that by ratcheting up tariffs, he can ultimately force manufacturers to leave China.

If Trump carries out his threat to extend the 25% charge to all imports from China, it will start hitting vital communication tools and everyday consumer goods. Moore lauded a deal with Mexico that the president secured last Friday.

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