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Tory leadership race exposes Britainís democratic deficit             Georgia parliament head quits after 240 injured in crackdown             Russia will help Iran with oil, banking if payment channel not launched: Ryabkov             Iran refrained from hitting manned US plane accompanying downed drone, IRGC says             Senior Afghan Politicians In Pakistan For Key Meeting             SCO plays constructive role in promoting regional peace, stability: Statement             1000s of Haitians protest against corruption            Trump announces exit of his spokeswoman Sarah Sanders            Ghani, Modi Discuss Afghan Peace in Bishkek             SCO Summit Begins In Bishkek            Video: Iran saves crewmembers of tanker hit in Sea of Oman             World reacts as two tankers Ďattackedí in Sea of Oman             Police shooting of black man triggers unrest in Memphis, Tennessee            UK government signs order to enable Assange extradition to US            Ex-Football Chief Yet To Be Detained Despite Arrest Warrant            

DATE PUBLISHED: 2019/5/20 - 11:22:32
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Trump says Chinaís ígetting totally killed with tariffsí

US President Donald Trump boasts about how his raised tariffs on Chinese imports are hurting China, while rewarding his own country in terms of economic dividends.

“They’re getting killed with the tariffs, China’s getting totally killed,” he told Fox News in an interview recorded last week and aired on Sunday.

Trade war heated up between the two sides after a trade deal aimed at ending it evaded the last round of marathon bilateral negotiations on May 10.

Washington then increased a 10% tariff on $200 billion worth of Chinese goods to 25%, acting on an earlier threat it had issued to force an agreement.

Trump claimed that the United States would be taking in $100 billion or more after the raises.

Adviser contradicts Trump on China tariff’s ‘benefits’

Adviser contradicts Trump on China tariff’s ‘benefits’
Donald Trump’s senior economic aide says the country will suffer too as a result of the US president’s more than doubling tariffs on a monumental scale of Chinese goods.

He also claimed that the tariff raises had caused an exodus of companies in China to move production to other Asian countries, including Vietnam, thus tightening the screws on the Chinese economy.

The US administration has even ordered the initiation of a process to raise its levies on some $300 billion more Chinese imports, which equals relatively the entirety of US-headed Chinese goods.

Trump finally blamed China for requesting changes to the terms of the deal right at the time, when the two sides had carved it into a “good” accord.

The United States and China “had a very strong deal, we had a good deal, and they changed it. And I said that’s OK, we’re going to tariff their products.”

Beijing, he alleged, would, however, eventually be hammering out an agreement with Washington, but noted that he had told Chinese President Xi Jinping that China could not expect a “50-50” deal because of, what Trump called, its past trade practices.

Beijing has adopted a more decisive discourse since Trump skyrocketed the levies, signaling that any potential talks would not be resuming soon.

 

LINK: http://ansarpress.com/english/11220


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