Donald Trump renews threat to China

Donald Trump renews threat to China

Joseph Sohm / Shutterstock.com

It seems that the uncertainty of a US-China will prolong as Trump says that they are close to an interim deal with China but also renews tariffs threat against them as well. These comments came at the Economic Club of New York which increased doubts of how quickly the 19-month trade war will end.

Trump used the opportunity to boast about the economic ‘boom’ happening during his tenure while downplaying any negative impact the tariffs had on each country’s economy. He said that if China doesn’t accede to US trade terms, then “we’re going to substantially raise those tariffs.” He added that “We will only accept a deal if it’s good for the United States.”

Both countries are trying to reach a ‘Phase 1’ agreement that would resolve some of the administration’s concerns about China’s economic practices and help defuse tensions that have slowed the global economy. Trump’s words didn’t give any clarity of when a deal would be reached between the two superpowers.

Trump announced on Oct. 11 that a preliminary agreement has been reached but since then, mixed statements have come through. At the current moment, a deal is appearing far from signing. Trump used his time at the forum to defend his decision to impose tariffs against China. He used the approach that China had been cheating the United States for years.

He said that the real cost would come if they had not done anything. Trump administration has given mixed signals about whether they will agree to roll back any of its existing tariffs on China as part of an initial agreement. The Chinese are adamant that easing the imposed tariffs is essential before agreeing to any agreement with the American administration. The uncertainty has grown more due to recent comments made by Trump and his administration.

Senior writer at the Chicago Morning Star

Related Posts
India tightens security due to threat of Hindu-Muslim riots
The fear of Hindu-Muslim riots rose after the decision of the Babri Mosque case. According
Trump administration plans to raise vaping age limit to 21
Trump administration will release a report over the vaping products next week. Donald Trump, the
Trump hits out at Boris Johnson’s Brexit deal
Donald Trump lashes out at Boris Johnson for his Brexit deal with the EU. Trump
Chicago under fire from Trump
Chicago thrashed by President Trump as he was speaking to a fawning audience of police
North Korea: US should act wisely
The relationship between North Korea and United States doesn’t seem to normalize as North Korea
White House condemns US withdrawal from northern Syria
The White House passed a resolution of condemning Donald Trump’s decision to end US military
US-China negotiations reach a mini-deal
The US and China are expected to announce a mini-deal this week that would prevent
Turkey begins ‘Operation Peace Spring’ against US Allies in Syria
Donald Trump announced the US withdrawal from Syria on Monday. Kurdish and Arab SDF troops
Trump backs his decision of US withdrawal from Syria
The decision of Donald Trump threw Middle East policy into turmoil. It touched off an
China should investigate the Bidens, says Trump
United States President Donald Trump has publicly urged China to investigate the Bidens. Trump is