WASHINGTON: President Donald Trump warned China on Saturday that it should strike a trade deal with the United States now, otherwise an agreement would be"far worse for them if it has to be negotiated in my second term."
"I think that China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win - in which case they would continue to rip-off the USA for US$500 Billion a year," Trump said in a tweet Saturday.
Trump had accused Beijing of reneging on its commitments in trade talks and ordered new punitive duties, which took effect Friday, on US$200 billion worth of Chinese imports, raising them to 25 per cent from 10 per cent.He then cranked up the heat further, ordering a tariff hike on almost all remaining imports - US$300 billion worth, according to US Trade Representative Robert Lighthizer - from the world's second-biggest economy.
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