10 MAY

Trump says China tariffs will increase as trade deal hangs in the balance

President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on Friday morning and begin the process to tax nearly all of China’s imports as he accused Beijing of trying to “renegotiate” a trade deal. But Mr. Trump, who made his comments ahead of a pivotal meeting between United States and Chinese officials on Thursday afternoon, suggested an agreement could still be within reach, saying he had received a “beautiful letter” from Chinese President Xi Jinping and would probably speak to him by phone.

“I have no idea what’s going to happen,” the president said in remarks at the White House. “We’re going to find out about China tonight, and I think in the end you’re going to be very impressed.”  Read more

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