WASHINGTON—President Donald Trump has presented Chinese leader Xi Jinping with a carrot and a stick on trade negotiations…
WASHINGTON—President Donald Trump has presented Chinese leader Xi Jinping with a carrot and a stick on trade negotiations between their two countries three days after their meeting in Argentina during the G-20 summit.
In a series of tweets on Dec. 4, he recalled their “wonderful and very warm dinner” where the two discussed trade, and affirmed that both leaders “want this deal to happen.”
But if a deal doesn’t happen, he warned, “I am a tariff man.”
“When people or countries come in to raid the great wealth of our nation, I want them to pay for the privilege of doing so,” Trump said in a post to Twitter . “It will always be the best way to max out our economic power. We are right now taking in $billions in tariffs.”
After Trump’s Dec. 1 bilateral meeting with China at the G-20, both Trump and National Economic Council Advisor Larry Kudlow were informed trade barriers with China will be dropped “immediately.”
U. S. Secretary of the Treasury Steven Mnuchin told Fox Business on Dec. 4 that China had responded to the meeting with “specific commitments” on agriculture, liquified natural gas, automobiles, and industrial products, as well as promises on “additional purchases of $1.
