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Trump renews China tariff threats ahead of G20 summit


Date: Tuesday November 27, 2018, 7:41 am


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US President Donald Trump has said he is likely to go ahead with a hike on tariffs currently imposed on Chinese goods.

The comments to the Wall Street Journal come as he is expected to meet Chinese President Xi Jinping on the sidelines of this week's G20 summit.

The tariffs would be raised from 10% to 25% on $200bn (£156bn) worth of goods.

Mr Trump also said he would hit the rest of China's imports to the US with tariffs if talks did not go well.

The US president said it was "highly unlikely" that he would agree to Beijing's request to hold off on the planned tariff rise, the newspaper said.

If negotiations were unsuccessful, Mr Trump said he would act on a previous threat to target additional Chinese goods with tariffs.

"If we don't make a deal, then I'm going to put the $267bn additional on," Mr Trump was also quoted as saying. That additional amount would be targeted with a tariff of 10% or 25%, he told the Wall Street Journal.

He said Apple iPhones and laptop computers imported from China could also be subject to tariffs. 

In a war, always keep your opponent guessing. That's the first rule of negotiation. And the more publicly you can declare your position, the better.

That's exactly how you should read President Trump's comments to the Wall Street Journal about going ahead with fresh China tariffs if Beijing doesn't play ball.

This is classic Trumpism. Show strength so you can scare your opponent into doing what you want. But the Chinese aren't like anyone the president has dealt with before.

Mr Trump's upcoming meeting with President Xi at the G20 was meant to help dissipate tensions between the two sides. But with these comments, President Trump has left very little room for China to walk away from the table with a deal and save face: something Beijing will need to do to satisfy its domestic audience.

So it's highly unlikely we will get a successful deal between the two at the G20 - and that means the rest of us will be the poorer for it.

Source: bbc.com

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Author: WatchGhana.Com    Verified

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