35 C
Thursday, May 28, 2020

Trump warns China that getting trade deal will be harder

US House kills impeachment resolution against TrumpWashington, Sep 4 (IANS) President Donald Trump warned China on Tuesday that if he is re-elected in the 2020 presidential elections, the Asian giant will find it much tougher when it comes time to negotiate a trade deal with the US, and that meanwhile its supply chain will collapse.

“We are doing very well in our negotiations with China. While I am sure they would love to be dealing with a new administration so they could continue their practice of “ripoff USA”($600 B/year), 16 months PLUS is a long time to be hemorrhaging jobs and companies on a long-shot,” Trump said in a Twitter post.

- Advertisement -

“….And then, think what happens to China when I win. Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!” the President said.

Trump’s tweet came just two days after the United States applied its promised tariff hike on imports from China with a tax rate of 15 per cent, 5 percentage points more than he had previously announced, on Chinese imports worth $112 billion, the Efe news reported.

The measure was enacted at 12:01 a.m. on Sunday, September 1, the Office of the US Trade Representative (USTR) said.

Scheduled for December 15 is the application of that same increase on the rest of the $300 billion in targeted Chinese goods, which will amount to some $160 billion and will include such products as mobile phones, laptop computers, video-game consoles and certain toys.

In reprisal, China slapped tariffs of between 5 and 10 per cent on the US products worth $75 billion, the latest chapter in the trade war between Beijing and Washington.

With this conflict, Trump aims to strike a trade balance between the two countries, largely favourable to China, but up to now and despite the imposition of tariffs, has achieved little or nothing in the way of results.

Trade tensions between the world’s two largest economies, unleashed after Trump arrived in the White House in 2017, go beyond bilateral relations and have far-reaching global consequences.

In its latest forecast of global growth, released last July, the International Monetary Fund (IMF) lowered predictions of global expansion to 3.2 per cent this year, 1/10 of a per cent less than was forecast in April, weighed down as it is by doubts about the possible solution to this dispute.

Total Cases

Active Cases






Covid 2019 India Stats Overview. Source: Ministry of Health and Family Welfare. Updated: 27 May 2020, 08:00


Please enter your comment!
Please enter your name here

Must Read

Balbir Singh Sr: A hockey legend who held the Indian flag high

Kolkata, May 26 (IANS) The old adage goes give him an inch and he''ll take a mile. As a...

Govt tells 7 ways how you can reuse your Covid goggles

New Delhi, May 28 (IANS) The centre on Wednesday issued a standard operating procedure for reuse of goggles without risk of contracting coronavirus infection....

Domestic passenger numbers, flights continue to rise

New Delhi, May 28 (IANS) Air passenger numbers along with domestic flight operations continued to increase on Wednesday, the third day after services were...

List pvt hospitals for free/cheap Covid-19 care: SC to govt

New Delhi, May 28 (IANS) Chief Justice of India S.A. Bobde, here on Wednesday, asked the Centre to consider free treatment for Covid-19 patients...

ICMR suggests states/UTs to reduce corona testing prices

New Delhi, May 28 (IANS) The Indian Council of Medical Research on Wednesday wrote to all states and Union Territories about reducing the price...

More Articles Like This