Trump reaches out to China, offers more negotiations
US President Donald Trump on Tuesday opened the door to more lengthy negotiations with China to resolve the damaging trade dispute beyond the announced 90-day timeline.
While Trump has promised big results from the negotiations, he also threatened more tariffs if the sides cannot reach an agreement, which would add to the economic pain already inflicted on American consumers and companies.
Dubbing himself “Tariff Man,” Trump said on Twitter he would not hesitate to make China “pay for the privilege” of selling in the US market.
Trump repeated his frequent claim that the US was bringing in billions of dollars in tariffs on foreign goods to “MAKE AMERICA RICH AGAIN”. But it is US consumers and businesses who pay for tariffs in the form of higher costs and prices.
In a series of tweets on Tuesday, Trump held out the possibility the talks could extend beyond
WASHINGTON:
March 1.
The clock started ticking on December 1, when Trump met in Buenos Aires with China’s leader Xi Jinping and agreed to work towards an agreement to roll back the exchange of tariffs on hundreds of billions of dollars in two-way trade.
“The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina,” Trump tweeted.