Trump said that China "may as well wait" for the 2020 US elections and hope for a Democrat to win.
….The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!
— Donald J. Trump (@realDonaldTrump) 11 мая 2019 г.
On Friday, the Trump administration increased the level of tariffs from 10 to 25 per cent on some $200 billion in Chinese imports. Later that day, Trump ordered tariffs to be raised on all remaining US imports from China, which are valued at around $300 billion.
READ MORE: Huawei Sales Top $100bn Despite US-Led Trade War, Smear Campaign Against Company
The latest round of US-Chinese trade talks finished in the United States on Friday. The sides have not reached any deal but agreed to meet for further negotiations in Beijing. Chinese Vice Premier Liu He — who led the Chinese delegation to Washington for bilateral talks — in an interview with Chinese CCTV broadcaster said that Beijing will be forced to retaliate but hopes Washington would exercise restraint.
Washington and Beijing have been trying to overcome disagreements that emerged in the wake of Trump’s decision last June to impose 25 per cent tariffs on $50 billion worth of Chinese goods in a bid to fix the US-Chinese trade deficit. Since then, the sides have exchanged several rounds of trade duties.
READ MORE: Chinese Authorities Recognise Impact of Trade War With US on Country's Economy
