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Home / US / Trade War: Trump says China's tariffs could remain "for a considerable period of time"

Trade War: Trump says China's tariffs could remain "for a considerable period of time"



"We're not talking about removing them, we're talking about leaving them for a long time," Trump said Wednesday. "Because we need to make sure that we make the deal with China that China lives off the deal because there were many problems living on certain deals."

The US and China, the two largest economies in the world , are trying to negotiate a solution to their trade dispute that has escalated dramatically, year after year, in which both sides have introduced new tariffs on large parts of each other's exports.

The collision has shaken financial markets, fueled political tensions and created problems for companies around the world. Companies have already begun relocating their supply chains from China to other Asian countries in order to circumvent the tariffs of trade warfare.
Trade talks between the two governments resume next week after a break in negotiations, a Trump government official told CNN

US Treasury Secretary Steven Mnuchin and sales representative Robert Lighthizer will travel to Beijing for talks to conclude an agreement between the two countries. It is expected that a Chinese delegation led by Vice Premier Liu He will come to Washington for further talks.

The negotiations had been interrupted when the two sides tried to overcome the disagreements over the compatibility of the United States China sticks to every deal. US concerns about how China tackles American technology and business secrets was also a sticking point.

  The harbor in the Chinese city of Tianjin. China has to contend with an economic slowdown that has been exacerbated by the trade war with the United States.

Target for End of April

The Trump government accuses China of long-standing complaints of theft of valuable commercial information from cyberattacks and forces American companies to surrender proprietary technology in return for access to Chinese markets.

Beijing rejects the allegations. At the same time, however, it has recently taken action to address US concerns, such as a new law on foreign investment, which was broken this month.
  Jamie Dimon: Trump's tariff strategy could have worked
Last month, the US government postponed an unlimited increase in tariffs on Chinese goods, as the negotiations progress.
Trump is seeking a deal that could boost the stock market and improve its re-election chances in 2020. At the same time, the Chinese government is trying to counteract a slowdown in economic activity that has brought the country's annual growth to its lowest level of three decades, putting a strain on companies and consumers.

The Trump government representative told CNN this week that both sides are hoping to reach an agreement to be signed at a summit in late April at Trump's Mar-a-Lago resort in Florida, where he previously hired the Chinese President Xi Jinping had received in 2017

Trump's rhetoric on trade negotiations has changed between hawks and very optimistic. He said almost a month ago that the two governments would "come very close" to an agreement in which he would attend a signing summit with Xi. According to reports, the summit could take place at the end of March.

But this optimism soon followed the bargaining break.

On Wednesday, Trump said the deal was "making good progress," adding, "Let's get our top representatives to go there this weekend to push the deal."

Sarah Westwood and Kevin Liptak wore to this report.


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