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TEHRAN, May 12 - US President Donald Trump said on Twitter Saturday that China should act now in terms of the ongoing Sino-US trade talks or the deal could become "far worse" for Beijing if it has to be re-negotiated in his second presidential term.
TEHRAN, Young Journalists Club (YJC) - Trump said that China "may as well wait" for the 2020 US elections and hope for a Democrat to win.
"The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!" Trump said in a tweet.
On Friday, the Trump administration increased the level of tariffs from 10 to 25 per cent on some $200 billion in Chinese imports. Later that day, Trump ordered tariffs to be raised on all remaining US imports from China, which are valued at around $300 billion.
The latest round of US-Chinese trade talks finished in the United States on Friday. The sides have not reached any deal but agreed to meet for further negotiations in Beijing.
Chinese Vice Premier Liu He — who led the Chinese delegation to Washington for bilateral talks — in an interview with Chinese CCTV broadcaster said that Beijing will be forced to retaliate but hopes Washington would exercise restraint.
Washington and Beijing are locked in a trade battle that has seen mounting tariffs, sparking fears the dispute will damage the global economy.
Two days of talks ended Friday with no deal. China's top negotiator said the two sides would meet again in Beijing at an unspecified date, but warned that China would make no concessions on "important principles."
Source: Sputnik News
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