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The only agreement the US will accept is that China opens up its economy to allow US companies to compete, said President Donald Trump. Photo: Reuters
Washington: The President of the United States, Donald Trump, announced that he would likely make progress on plans to increase tariffs on Chinese products from the United States. worth $ 200 billion. produce a trade agreement
Trump, in an interview published Monday by Wall Street Journal is said to be ready to impose customs duties on a final batch of $ 267 billion worth of goods. Chinese imports he could not reach an agreement with Xi at his meeting at the meeting of the Group of 20 (G20) in Argentina, which will begin on November 30. The rate would be 10% or 25% and could, said Trump.
Trump stated that Apple Inc. & # 39; IPhones and laptops imported from China could be affected Americans could "very easily" handle a 10% duty, he said.
The only deal the US will accept is that China opens up its economy to allow US companies to compete, Trump said.
"The only deal would be for China to open up its country to US competition," said the president. "As for other countries, it's up to them."
In September, The Trump administration further plunged into a trade war with China by imposing a 10% tariff on $ 200 billion worth of Chinese goods, rising to 25% on Jan. 1. The United probably will not accept Beijing's requests to refrain from increasing customs duties, said Trump.
The United States has already imposed tariffs on Chinese products. $ 50 billion earlier this year China has since added retaliatory rights to an additional $ 60 billion of US goods.
The Chinese authorities have stated that the main outcome of the Trump- Xi was to convince the United States s of refraining from raising their rights, the Wall Street Journal reported, without identifying the officials.
Trump told the Journal that his advice to US companies involved in the trade dispute is to build factories in the United States and manufacture their products on the domestic market. 19659011] First published: Tuesday, November 27, 2018. 03 h 51 IST
