US President Donald Trump will make a decision about whether or not to move forward with imposing tariffs on remaining Chinese goods after meeting with his Chinese counterpart later this month in Japan, said CNBC.
US Treasury Secretary Steven Mnuchin said Trump will determine if Chinese President Xi Jinping is willing to head “in the right direction” on a deal to reshape the trade and commercial relationships between the world’s top two economies.
“We’re going to need to see action, and President Trump is going to need to make sure he’s clear that we’re moving in the right direction to a deal,” Mnuchin told CNBC. “The president will make a decision after the meeting.”
“If China wants to move forward with the deal, we’re prepared to move forward on the terms we’ve done. If China doesn’t want to move forward, then President Trump is perfectly happy to move forward with tariffs to re-balance the relationship,” Mnuchin said.