Trump says tariffs force companies to leave China



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US President Donald Trump speaks at the National Association of Realtors Legislative Meeting and Trade Show in Washington, DC on Friday, May 17, 2019.

Olivier Douliery | Bloomberg | Getty Images

US President Donald Trump said his tariffs on Chinese products were pushing companies to shift their production from China to Vietnam and other Asian countries, and added that any deal with China would not could not be a "50-50" deal.

In an interview with Fox News Channel recorded last week and aired Sunday night, Trump said the US and China "had a very strong deal, we had a good deal and they changed it." I said it was ok, we're going to price their products.

No other trade talks between major Chinese and US negotiators have been scheduled since the end of the last round of talks, May 10 – the same day, Trump raised the tariff rate of 200% on Chinese products to 200 billion dollars.

Trump took the plunge after China blurred the negotiations by calling for major changes to an agreement that US officials said was widely accepted.

Since then, China has taken a harsher tone in its speech, suggesting that a resumption of talks to end the ten-month trade war between the two largest economies in the world would probably not happen soon.

Trump, who said the interview with Steve Hilton, host of Fox News, had taken place two days after rising tariffs, said he would be happy to maintain tariffs on Chinese products because the United States would garner 100 billion dollars or more. .

But he added that he thought China would eventually conclude an agreement with the United States "because they are being killed with tariffs, China is being totally killed."

But he said that he had told Chinese President Xi Jinping before the last rounds of negotiations that any deal could be "50%" between the two countries and should be more favorable to the United States because of the practices. previous commercial activities in China.

Trump also said that the Democratic presidential candidate and former US Vice President, Joe Biden, should be the subject of an investigation following allegations by a conservative author that his son, Hunter Biden, reportedly took advantage of his father's position to sign a lucrative commercial deal with the state-controlled Bank of China. The allegation was made in Peter Schweizer's book "The Secret Empires" of 2018.

Asked about the need to investigate this issue, Trump said: "100% is a shame, and then (Joe Biden) said that China was not one of our competitors. China was a huge competitor, it wanted to conquer the world. "

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