U.S. President Donald Trump said on Thursday he would make a decision about whether to impose a further series of tariffs on Chinese goods after meeting his Chinese counterpart at the G-20 meeting in Japan later this month.
Trump earlier threatened to hit China with tariffs on “at least” another $300 billion worth of goods, but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States.
“I will make that decision I would say over the next few weeks, probably right after the G20,” Trump said ahead of talks with French President Emmanuel Macron in Normandy, where they attended a ceremony for the 75th anniversary of D-Day.
“One way or another I’ll make that decision after the G20. I’ll be meeting with President Xi (Jinping) and we will see what happens,” Trump said.
Tensions between the world’s two largest economies have risen sharply since talks aimed at ending a festering trade war broke down in early May. While Trump said on Thursday that talks with China were ongoing, no face-to-face meetings have been held since May 10, the day he sharply increased tariffs on a $200 billion list of Chinese goods to 25%, prompting Beijing to retaliate. Earlier the U.S.
President threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States.
He said in Ireland that talks with China were ongoing, but no face-to-face meetings have been held since May 10, the day he sharply increased tariffs on a $200 billion list of Chinese goods to 25%, prompting Beijing to retaliate.
“Our talks with China, a lot of interesting things are happening.
We’ll see what happens... I could go up another at least $300 billion and I’ll do that at the right time,” Trump told reporters, without specifying which goods could be impacted.
“But I think China wants to make a deal and I think Mexico wants to make a deal badly,” said Trump before boarding Air Force One at the Irish airport of Shannon on his way to France for D-Day commemorations.
In Beijing, China’s Commerce Ministry struck a defiant tone. “If the United States wilfully decides to escalate tensions, we’ll fight to the end,” ministry spokesman Gao Feng told a regular news briefing.
“China does not want to fight a trade war, but also is not afraid of one. If the United States wilfully decides to escalate trade tensions, we’ll adopt necessary countermeasures and resolutely safeguard the interests of China and its people.”
The Commerce Ministry also issued a report on how the United States has benefited from years of economic and trade cooperation with China, saying U.S. claims that China has taken advantage in bilateral trade were groundless.