Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse Terms

“I think that China felt they were beaten so badly in the recent negotiation that they may as well wait around for the next election,” Trump said Saturday in a pair of early-evening tweets. “The only problem is that they know I am going to win.”

U.S. Trade Representative Robert Lighthizer said the administration would on Monday release details of its plans for tariffs on an additional $300 billion in imports from China, setting the process in motion for Trump to deliver on the threat to hammer all Chinese trade. Liu also struck a note of defiance. “For the interest of the people of China, the people of U.S. and the the people of the whole world, we will deal with this rationally,” the vice premier said. “But China is not afraid, nor are the Chinese people,” adding that “China needs aIn a series of tweets that cheered markets, Trump declared Friday that the talks with China had been candid and constructive.

The lack of progress left major question-marks hanging over the search for a deal on trade — just one source of tensions in athat’s already shifting supply chains and testing established economic and security alliances.

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