President Trump
Donald John TrumpRouhani says Iran will never seek nuclear weapons Trump downplays seriousness of injuries in Iran attack after US soldiers treated for concussions Trump says Bloomberg is 'wasting his money' on 2020 campaign MORE on Thursday told his aides to move forward with tariffs on $200 billion in Chinese goods, even as the administration seeks to restart trade talks with Beijing, according to Bloomberg News.
Donald John TrumpRouhani says Iran will never seek nuclear weapons Trump downplays seriousness of injuries in Iran attack after US soldiers treated for concussions Trump says Bloomberg is 'wasting his money' on 2020 campaign MORE on Thursday told his aides to move forward with tariffs on $200 billion in Chinese goods, even as the administration seeks to restart trade talks with Beijing, according to Bloomberg News.Treasury Secretary Steven Mnuchin
Steven Terner MnuchinThe Hill's Morning Report - Trump trial begins with clashes, concessions Hillicon Valley — Presented by Philip Morris International — Apple reportedly dropped plans to let iPhone users encrypt backups | Justices decline facial recognition case | Critics fear Facebook losing misinformation fight | Truce on French tech tax On The Money — Presented by Wells Fargo — Trump at Davos warns Europe on trade | President boasts about US economy to global elite | Experts say Trump trade victories may yield little growth MORE this week proposed another round of talks with China in an effort to ease tensions in the escalating trade war that is raising concerns on Capitol Hill and throughout the business community.
Steven Terner MnuchinThe Hill's Morning Report - Trump trial begins with clashes, concessions Hillicon Valley — Presented by Philip Morris International — Apple reportedly dropped plans to let iPhone users encrypt backups | Justices decline facial recognition case | Critics fear Facebook losing misinformation fight | Truce on French tech tax On The Money — Presented by Wells Fargo — Trump at Davos warns Europe on trade | President boasts about US economy to global elite | Experts say Trump trade victories may yield little growth MORE this week proposed another round of talks with China in an effort to ease tensions in the escalating trade war that is raising concerns on Capitol Hill and throughout the business community.ADVERTISEMENT
Trump's strong desire to narrow the expanding trade gap with China has led to tit-for-tat tariffs of $50 billion imposed by each country. He has promised tariffs of $200 billion on China's imports, a move that's been delayed while officials determine a final list of products based on recently submitted public comments.
Trump met Thursday with his top trade advisers, including Mnuchin, Commerce Secretary Wilbur Ross
Wilbur Louis RossDesperate Democrats badmouth economy even as it booms Trump scheduled to attend Davos amid impeachment trial Let's remember the real gifts the president has given America MORE and U.S. Trade Representative Robert Lighthizer
Robert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE, to discuss the China tariffs, Bloomberg News reported on Friday.
Wilbur Louis RossDesperate Democrats badmouth economy even as it booms Trump scheduled to attend Davos amid impeachment trial Let's remember the real gifts the president has given America MORE and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerGOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 Pelosi sounds hopeful on new NAFTA deal despite tensions with White House MORE, to discuss the China tariffs, Bloomberg News reported on Friday.He expressed confidence this week that his sweeping tariffs plan will work.
"They are under pressure to make a deal with us," Trump tweeted on Thursday, referring to China. "Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet?"
Trump has said he's using the tariffs as leverage to force China to change what he considers unfair trade practices, like stealing U.S. intellectual property and forcing U.S. firms to transfer their technology to China.
Last week, Trump threatened a third batch of tariffs on another $267 billion of Chinese imports, covering more than all Chinese exports to the U.S.
Updated at 1:14 p.m.
