Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Gov't Regulation Email this story   Print this story
 
Trump: China will make trade deal, but tariffs ready
Reuters | 2019/6/10

WASHINGTON -- U.S. President Donald Trump said on Monday additional tariffs on Chinese goods were ready to kick in after the G20 summit this month if no trade deal is reached with China.

In a wide-ranging interview with CNBC, Trump also said disputes over Chinese tech giant Huawei Technologies could be addressed as part of any U.S. trade deal with China.

Trump said if Chinese President Xi Jinping did not attend the G20 meeting, tariffs would go into effect immediately. Trump has repeatedly said he is getting ready to meet Xi at the Osaka summit at the end of June, but China has not confirmed it.


Trade talks with China hit an impasse last month after the president accused Beijing of reneging on provisions of a tentative agreement. The two countries have since escalated their trade war.

¡°China is going to make a deal because they¡¯re going to have to make a deal,¡± Trump said Monday.

China's foreign ministry said on Monday that China is open for more trade talks with Washington but has nothing to announce about a possible meeting.


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

The American president again criticized China for devaluing its currency to create an unfair advantage in trade that he said was exacerbated by policies of the U.S. Federal Reserve.

"They devalue their currency - they have for years. It's put them at a tremendous competitive advantage and we don't have that advantage because we have a Fed that doesn't lower interest rates," Trump told CNBC, adding "our FED is very, very destructive to us."


Related Stories
  • Trump leaves China trade deadline open
  •     --Published:2019/14/6
     
  • U.S. denies Tesla request for tariff relief on Chinese-made Model 3 'brain'
  •     --Published:2019/13/6
     
  • Payback: How China could retaliate for U.S. Huawei ban
  •     --Published:2019/31/5
     
  • In U.S.-China fight, fortune may favor bold
  •     --Published:2019/28/5
     
  • Trump's 'easy' trade war hits snags as China plays the long game
  •     --Published:2019/28/5
     
  • Xi: Get ready for bad times as trade war escalates
  •     --Published:2019/24/5
     
  • China's tough rhetoric leaves U.S. trade talks in limbo
  •     --Published:2019/21/5
     
  • China raises tariffs on U.S. exports as trade battle escalates
  •     --Published:2019/14/5
     
  • In Germany, auto suppliers downbeat as China-U.S. trade standoff escalates
  •     --Published:2019/10/5
     
  • U.S. hikes tariffs on China-made auto parts, other goods
  •     --Published:2019/10/5
     
  • U.S.-China trade war reroutes U.S. import flows
  •     --Published:2019/12/4
     
  • China will continue to suspend extra tariffs on U.S. vehicles, auto parts
  •     --Published:2019/2/4
     
  • BMW plan to export EVs from China on hold amid trade talks
  •     --Published:2019/8/3
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ