Cargo containers wait near cranes at the Port of Tacoma in Washington. Washington said tariffs on many products from China would go up from 10% to 25%. Friday raises strong doubts on whether the world’s two largest economies can reach a deal to quell their escalating trade war in the coming weeks.
Trump said Friday that he was in no hurry for a deal. “There is absolutely no need to rush,” he wrote in a Twitter message in which he praised the tariffs he’s already slapped on Chinese goods and touting how much more he can impose. Although their business relations are deeply entwined, the White House and China view themselves as aggressive rivals jostling for global influence and geopolitical power.
Although a trade deal seemed at hand in recent weeks, Trump administration officials have accused China of reneging on agreements that had been made over months of negotiations. To pressure Beijing to return to its previous commitments, Washington ratcheted up tariffs on $200 billion in products from China from 10% to 25%. China announced immediately that it would retaliate.
Won’t be much longer until Democrats are rallying behind China, they already hate America
Interesting news: As Pres Donald Trump reignites a trade war with China, he has found an ally in at least one key Democrat – Senate Minority Leader Chuck Schumer . . In a tweet, he urged the president to 'hang tough on China.' Can't imagine that the LAT's will report this.
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