Published: Wed, May 15, 2019
Global News | By Blake Casey

Trump tweets optimism on China trade, lines up new U.S. tariffs

Trump tweets optimism on China trade, lines up new U.S. tariffs

Rob Portman, who served as the nation's top trade negotiator during George W. Bush's presidential administration, warned Tuesday that the tariff war President Donald Trump is waging against China will hurt the USA economy, jobs and wages unless an agreement is reached. "It seems like President Trump has been more jovial and more upbeat in making comments that hopefully will get this trade situation squared away".

Trump predicted tariffs will make manufacturers leave China, and said the United States will use some of its tariff revenue to subsidize American farmers whose exports might suffer in the dispute.

Trump, who has railed against what he describes as China's unfair trade practices and threatened to impose punitive levies on all its imports, softened his tone in a series of remarks expressing optimism about reaching a trade deal with Beijing.

President Donald Trump is warning Chinese President Xi Jinping (shee jihn-peeng) that China "will be hurt very badly" if they don't agree to a trade deal.

"China buys MUCH less from us than we buy from them, by nearly 500 Billion Dollars, so we are in a fantastic position", Trump wrote.

"As for how they are pursued, I think that hinges upon further consultations between the two sides", Geng said.

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"Make your product at home in the U.S. and there is no tariff", Trump countered on Tuesday.

"We have all the advantage, it's a very small factor for us", he said about the tariffs. This should have been done by our leaders many years ago. The newest tariffs he's imposed on Chinese goods are not a drag on United States consumers, but rather in the service of a better bargaining position for a trade deal, which he'll deliver at some point, he hopes.

That was before Trump raised the rate on $200 billion in Chinese products from 10 percent to 25 percent.

Republican Sen. Roy Blunt told VOA, "If there's a trade fight worth having, it's a trade fight with China".

The Trump administration previous year offered $12 billion in compensation to American farmers and has vowed to do more, using the revenues from the new tariffs - which he incorrectly claims is paid by China rather than U.S. importers. Since then, the two sides have exchanged several rounds of trade duties, as they have yet to produce a deal.

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