Thứ tư, 08 05th

Last updateThứ 4, 05 08 2020 2pm

Rebecca Grant: For Trump, the China trade war began long ago – and this is a war he’s determined not to lose

Round 11 of U.S.-China trade talks wrapped with no deal Friday, after President Trump raised tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent. Beijing was close to a deal a week ago. Then China balked.

Wall Street is reacting to the uncertainty. So are American farmers and businesses.

us china trade war chess game

Courtesy photo by theasis/Getty Images

"Tariffs will make our Country MUCH STRONGER, not weaker," the president tweeted Friday. "Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute."

How can Trump appear so calm? He doesn’t like tariffs any more than you do. He actually wants U.S.-China trade to grow – but not until China changes two decades of bad behavior.
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U.S. Treasury Secretary Steve Mnuchin, second from left, and U.S. Trade Representative Robert Lighthizer, right, speak with Chinese Vice Premier Liu He, left, as he departs the Office of the United States Trade Representative in Washington, May 10, 2019 - Source: VOA