US President Donald Trump convenes a Cabinet meeting in the Cabinet Room in the White House in Washington, U., 19 November, 2019. REUTERS / Tom Brenner
WASHINGTON (Reuters) – The United States would raise Chinese import tariffs if no solution were reached with Beijing to end a trade war, President U. Donald Trump said Tuesday, threatening to raise the spat that caused harm economic growth worldwide.
Speaking at a cabinet meeting at the White House, Trump said he had a good relationship with China, noting that China was “moving forward.” However, he said China would deal with “I like.”
“If we don't deal with China, I could still raise the tariffs even higher,” he said to a room filled with senior officials.
The United States and China were locked in the successive waves of grid-to-tat tariffs that have set aside financial markets and threatened to bring growth in the global economy to the lowest rate from the 2007-2008 financial crisis. .
People were able to deal with part-trade at a scheduled summit in Santiago, Chile which was scheduled for mid-November. The summit was canceled among the unrest in Chile and a path ahead for dealing remains unclear.
Sticking points include how and when tariffs will be reduced and how many US agricultural products would be committed to purchasing China.
Larry Kudlow, the White House economic adviser last week said the two countries were in agreement with the 16-month trading war, but gave no further details on the timing of possible dealings.
However, China's state media outlet Xinhua said that "helpful talks" took place on Saturday phone between Chinese Deputy Prime Minister, Liu, US trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.
Reporting by Steve Holland and Susan Heavey; Writing with Alexandra Alper; Editing Chizu Nomiyama and Bill Berkrot
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