Financial Times/James Politi/6-11-2019
“Trump told reporters at the White House on Monday that he could impose tariffs of 25%, or ‘much higher than 25%’ on $300 billion in Chinese goods. ‘We’ve never gotten 10 cents from China and now we’re getting a lot of money from China,’ the president said. Trump was asked in an interview with CNBC earlier in the day whether the additional tariffs would be enacted immediately if there’s no meeting at the summit later this month.”
USAGOLD note: I’m no expert on the art of the deal, but doesn’t this kind of rhetoric make it difficult for Xi to comply? Why would he want to look like he’s doing the president’s bidding? Particularly on the domestic front in China where Xi is not going to want to look subservient . . . .
Related: China vows to ‘fight to the end’ in trade war if US escalates tensions/FoxNews/Katherine Lam/10-11-2019
