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President Donald Trump said he would raise tariffs on Chinese goods if no trade deal is reached.
“China is going to have to make a deal that I like. If they don’t, that’s it,” Trump said Tuesday at a cabinet meeting. “If we don’t make a deal with China, I’ll just raise the tariffs even higher.”
US - Phase - Trade - Deal - October
The U.S. announced that it had reached a “phase one” preliminary trade deal in October. Negotiations to finalize the deal have continued for weeks, including a call on Friday between U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and China’s Vice Premier Liu He.
Chinese state media over the weekend described the Friday call as “constructive.” On Monday, however, CNBC reported...
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