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Trump Says He'll Raise Tariffs on China Again If Xi Skips G-20

Trump Says He'll Raise Tariffs on China Again If Xi Skips G-20More

The president said Thursday he will decide whether to slap tariffs on an additional $300 billion worth of Chinese goods after the G20 summit later this month, signaling his threat remains an option if the two superpowers can not seal a truce to their trade war.

Could the US soon reach a trade deal with China?

But even so "China is getting absolutely decimated" by U.S. actions, he said.

"If we don't make a deal, you'll see a tariff increase", Trump said.

Trump said that in his view the Chamber was seeking to defend the interests of member business organizations with significant operations in China and Mexico.

"Everyone's trying to get our money - China - and the China deal's going to work out, you know why?"

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But Trump, who has embraced protectionism as part of an "America First" agenda, said on Monday the tariffs on Mexico would be reinstated if Mexico's Congress did not ratify another part of the migration pact. Trump criticized the U.S. Chamber of Commerce for objecting to his threat of tariffs to force Mexico to do more to halt the flow of Central American migrants into the United States.

He added: "And I think he will go an I think we are scheduled to have a meeting".

Since the survey was released, the Trump administration raised the tariff rate imposed on $200 billion worth of Chinese goods to 25 percent, from 10 percent.

Trump says he is ready to slap tariffs on a further $300 billion in Chinese imports if no breakthrough is achieved.

"Because, right now, is getting absolutely decimated by companies that are leaving China, going to other countries, including our own because they don't want to pay the tariffs". "China wanted to go backwards on certain things". "They take advantage of us in every way possible".

"I'm a member of the U.S. Chamber", Trump said.

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"I believe if China is willing to move forward on the terms that we were discussing, we'll have an agreement", Mnuchin said. "However, growth remains low and risks remain tilted to the downside".

On Sunday, International Monetary Fund Managing Director Christine Lagarde said resolving the current trade tensions should be the top priority for G20 economies.

Meanwhile, China vowed Sunday to build what it calls a strong firewall against attempts to restrict its ability to technologically innovate.

China plans to announce details of its plans in the near future.

"I don't want to put their companies out of business, I want China to do well, I don't want them to do as well as us", Mr. Trump said.

The United States has also warned its allies against the alleged risk in buying Huawei technology.

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During a recent interview on FOX Business, GoPro CEO Nick Woodman said he wasn't anxious about copycat competition from China because the company was innovating at a faster pace.

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