Trump defends tariffs, China says 'not afraid' of trade war:The Asahi Shimbun

Why Trump Thinks 'Tariffs Are a Beautiful Thing'

Trump last month started the process to impose 25 percent tariffs on another $300 billion in Chinese goods but on Monday threatened to impose the taxes immediately if Xi does not show up for a planned meeting in Osaka. "My deadline is what's up here?"

On Monday, Trump told business news channel CNBC that he is ready to impose another round of punitive tariffs on Chinese imports if he can not make progress in trade talks with Xi in Osaka.

"I think we'll end up making a deal with China".

There has been no public indication that the Chinese president intends to avoid Trump at the summit of world leaders in Osaka on June 28 and 29, where the pair are expected to discuss the raging trade war between their nations.

While speaking to reporters at the White House Wednesday, the president said China is suffering because of the tariff hikes on its products.

"Right now, China is paying us billions and billions of dollars". If he declines the meeting, he must accept the economic costs that come with Trump possibly extending the trade conflict through the 2020 presidential elections. "And we're going to either do a great deal with China or we're not going to do a deal at all".

China has said U.S. demands are so extensive that they violate its sovereignty. "But if it insists on escalating trade frictions, we will respond to it with resolution and perseverance".

More news: Local soccer super fan heads to France to watch Women’s World Cup

Last month, Joe Biden thought China was "not competition for us".

US, China have hit each other with steep tariffs on more than $360 billion in bilateral trade.

Prodded by hawks in Washington to take a "whole of government" approach toward China, Trump may make it harder for Xi to compromise at the negotiating table.

"China does not want to fight a trade war, but we are not afraid of fighting a trade war", Foreign Ministry spokesperson Geng Shuang said on Tuesday, echoingformer statements that Beijing would not shy away from a fight with the U.S. I had great respect for the president of China, President Xi, but he's representing China and I'm representing the United States of America.

Yesterday Trump said the further tariffs would go into effect immediately if Xi does not meet with him.

"The problem is when you try to apply tariffs to everything that we get from a country like China, you get a response in currency", said Scott.

The idea of pushing for protectionism on part of the United States comes from Donald Trump's campaign promise about bringing the lost jobs back to the U.S workforce. "Because China ate the United States alive economically, and it's a shame", he said. Now we're getting a lot of money from China.

Related News:



Most liked

Uber eyes drones for food delivery, unveils new autonomous car
Unlike other drone delivery services, Uber isn't planning to initially deliver the orders directly to customers' homes. Additional restaurant partners will be added to the trial later this year, including local restaurant Juniper and Ivy.

Facebook to pay users who allow access to phone data
The social media giant is working with its long-time partner Applause to manage the logistics of this market research app. The tech giant is launching a new program that will pay people who give the company access to track their information.

Netanyahu thanks Narendra Modi after India backs Israel in United Nations vote
Netanyahu was scheduled to take part in Wednesday's inauguration ceremony together with US Ambassador to Israel David Friedman. It is the first time that India has voted on a resolution at the United Nations that is being perceived as pro-Israel.

Kyrie Irving opting out of Celtics contract
Early Wednesday, Irving did not opt in to a $21 million deal with the Celtics , instead opting to hit the free-agent market . Shams Charania of The Athetlic "broke" the news Wednesday that Irving will indeed become a free agent in the coming days.

Canada to ban single-use plastics in 2021
It has also taken steps to ban other specific plastics, such as the tiny microbeads found in some bath and beauty products. The federal government has announced its intention to ban single-use plastics as early as 2021.

Prince William and Kate Middleton Meet Animal Friends in Cumbria
Earlier in the day, they met a four-legged friend called Prince Harry as they visited Keswick. Mr Irving added: "Then Kate was talking about her dog and she said, "Your dogs are so calm".

Cyclone Vayu: India on high alert for 'severe cyclone'
A defence release said the Army has allotted 24 columns on standby and is ready to carry out any rescue and relief operations. It will skirt through coast of Veraval, Porbandar and Dwarka.

Boris Johnson launches leadership bid while lawmakers warn on ‘no deal’ Brexit
Deutsche Bank analysts point out that yesterday saw the Labour Party table a cross-party motion to prevent a no deal Brexit in the UK.

India's Virat Kohli praised for defending Steve Smith from crowds
Steve Smith and David Warner , key protagonists in the Cape Town scandal, served one-year bans, only returning to global cricket at the World Cup.

Dillons stores in Kansas to start selling topical CBD products next week
Texas Governor Greg Abbott has signed a law legalizing hemp production and certain CBD products in the state of Texas. That specific market includes products derived from the hemp plant, Cannabis sativa L.

‘Quite chaotic’: Waterloo woman describes being in Manhattan building hit by helicopter
Five individuals died when a sightseeing helicopter crashed into the East River last one year. The governor of NY spoke out to reassure New Yorkers following the tragic incident.

Kevin Durant reportedly views opting into Warriors contract as 'last resort'
Moin doesn't want there to be any doubt about it: Durant should know people in Canada want the best for him as he recovers. Despite that fact, he was given the green light to take the floor without a minutes restriction.

Will the Fed reverse course on rates?
For example, when the yuan is so weak against the Dollars , importers are able to slash their import costs. He believes that the Fed is working against his progressive agenda by being extra hawkish.

Why Frank Lampard must take the Chelsea job without hesitation
There continues to be speculation over the Chelsea manager's job amid reports that Maurizio Sarri is set to leave for Juventus . The former Chelsea midfielder may be loved by the Stamford Bridge faithful following his 13-year playing career at the club.

BBC confirms plans to make over-75s pay TV licence fee
The corporation was due to take over the cost of free TV licences as part of its new charter agreement which commenced in 2017. Whilst we know that pensioner incomes have improved since 2000, we also know that for some the TV licence is a lot of money.