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Much more tariffs if phase 1 PRC deal not reached: Trump

15
Nov '19
Pic: Shutterstock
Pic: Shutterstock
The US administration would increase tariffs on China in case the first step of a broader agreement is not reached, US President Donald Trump recently said. “If we don’t make a deal, we are going to raise those tariffs substantially.... And that’s going to be true for other countries that mistreat us too,” he said early this week in a speech in New York.

Trump said he would only sign a deal with China if that is good for US companies and workers. “Still, we’re close; a significant phase one deal could happen could happen soon,” he was quoted as saying by US news media.

Trump and Chinese President Xi Jinping had planned to sign phase one of the deal at an international conference this month in Chile that was cancelled because of social unrest in that country. A fresh venue for the signing is yet to be announced.

Fibre2Fashion News Desk (DS)


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