Donald Trump, China and tariffs
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Reuters |
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
ABC |
China is reaching out to other nations as the U.S. layers on more tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat.
ABC |
"We think we're in very good shape. We think we're doing very well. Again there will be a transition cost, transition problems, but in the end it's going to be a beautiful thing," Trump said.
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President Donald Trump's tariff pause was due to the outpouring of calls from foreign nations looking to make deals and Trump wanting to fix the national emergency of trade deficits.
Trump paused most of his tariffs for 90 days—with China the big exception—amid sharp losses in the markets and fears of a recession.
The White House has made clear to Chinese officials that President Xi Jinping should request a call with Trump. But Beijing has repeatedly refused to arrange a leader-level phone call.
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.
Ray Dalio, the founder of Bridgewater Associates and a long-time observer of China, says there’s a formula for President Donald Trump to be successful in a trade negotiation with China.
1don MSN
President Donald Trump's 90-day tariff pause came on Wednesday with little warning. His team is saying it's all part of his master plan.
Three million people have watched a viral clip of Trump's remarks at yesterday's National Republican Congressional Committee President's Dinner, where he said, "I’m telling you these countries are calling us up kissing my ass." The crowd laughed.
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ET Now on MSNUS tariffs on India: Good news from Donald Trump! Additional tariffs suspended for 90 days - DetailsTrump ruled country has suspended additional tariffs on India for 90 days. The US imposed an additional import duty of 26 per cent on India. The tariffs were high on its competitors like Thailand, Vietnam and China.