NRI Dunia
Think Outside The Box

Trump fires warning shot on China tariffs before G20 meeting with Xi

U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China’s President at a Group of 20 summit later this month.

Since two days of talks to resolve the U.S.-China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting.

Trump said last week he would decide after the meeting of the leaders of the world’s largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods.

In comments to reporters on Monday, Trump said he still thought the meeting with Xi would happen.

“We are scheduled to talk and to meet. I think interesting things will happen. Let’s see what happens,” Trump told reporters at the White House.

The United States has already imposed 25% tariffs on $250 billion worth of goods.