ZCZC
BCN-08
US-CHINA-TRADE-TARIFFS
Trump says China tariffs will go ‘even higher’ without deal
WASHINGTON, Nov 20, 2019 (BSS/AFP) – President Donald Trump on Tuesday
warned that failure to get a trade deal with China will prompt more tariffs.
“If we don’t make a deal with China, I’ll just raise the tariffs even
higher,” he told reporters at the White House.
Trump’s latest tough comment came as markets are watching intensely for
signs of progress in the two economic superpowers’ attempt to reach a so-
called “phase one” partial deal taking the heat out of a growing trade war.
Predictions of a resolution have come and gone repeatedly as Trump veers
from hints of imminent deals to declaring his satisfaction with the current
standoff, because the United States is pulling in billions of dollars in
trade tariffs.
Skeptics say even a partial pact hinges on Trump rolling back existing
tariffs, something his latest comment about increasing the duties would
appear to put in doubt.
BSS/AFP/HR/0945