The President said that he is ready and willing to slap tariffs on the remainder of China’s imports into the US if no agreement is reached when he meets with Xi Jinping next month, but said he is confident of a “great deal.”
“I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told US media. “And I have $267 billion waiting to go if we can’t make a deal.”
Trump said that he would like to make a deal with China now, but that the two sides were not ready for it. There were no specifics on what concessions he would like from Beijing.
The US has already applied tariffs on $250 billion of Chinese goods, with China hitting back with duties on $110 billion of US imports.