The US leader says he is will impose another round of punitive tariffs on Chinese imports if no deal is reached by the end of the G20 summit in Japan
China has not confirmed that President Xi Jinping will meet the US leader at the G20 summit later in JuneChinese President Xi Jinping and US President Donald Trump. Picture: REUTERS
Trump said last week he would decide after the meeting of the leaders of the world’s largest economies whether to carry out a threat to slap tariffs on at least $300bn in Chinese goods.on Monday, Trump said he still thought Xi would attend the summit. When asked if a fresh round of US tariffs would go into effect if the Chinese leader was not at the meeting, Trump said, “Yes. It would.”
The US is seeking sweeping changes, including an end to forced technology transfers and theft of US trade secrets. It also wants curbs on subsidies for Chinese state-owned enterprises and better access for US firms in Chinese markets. Investors worry China will retaliate by putting US companies on a blacklist or banning exports to the, which are used in products such as memory chips, rechargeable batteries and cell phones.
On Sunday, IMF MD Christine Lagarde said resolving the trade tensions should be the top priority for G20 economies. Late in May Trump said he would impose tariffs on Mexican goods if Mexico did not agree to take strong steps to curb the flow of mostly Central American migrants crossing the US-Mexico border.
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