Trump: China does not want an increase in tariffs

Trump: China does not want an increase in tariffs
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President TrumpDonald John TrumpTrump orders US troops back to active duty for coronavirus response Trump asserts power to decide info inspector general for stimulus gives Congress Fighting a virus with the wrong tools MORE on Thursday said that China "does not want an increase in Tariffs" and that trade talks this week "are going well."

"China’s top trade negotiators are in the U.S. meeting with our representatives. Meetings are going well with good intent and spirit on both sides. China does not want an increase in Tariffs and feels they will do much better if they make a deal. They are correct," Trump tweeted.

 

Chinese officials are in Washington, D.C., this week for negotiations with top U.S. officials as the world's top two economies seek and end their trade dispute. The second of two days of talks are scheduled for Thursday.

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Trump, in subsequent tweets, said no deal would be reached until he meets with Chinese President Xi Jinping and noted that he still plans to increase tariffs on China if no deal is reached by March.

"No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more difficult points. Very comprehensive transaction," he wrote.

"China’s representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table. All of the many problems are being discussed and will be hopefully resolved. Tariffs on China increase to 25% on March 1st, so all working hard to complete by that date!" he added.