Former President Donald Trump has warned that tariffs on Chinese imports could rise sharply if a long-term trade deal isn't finalized within 90 days. Speaking on Monday, Trump reiterated his belief that the United States needs a better trade relationship with China. He stated that the existing tariffs, which are already in place, would "go up substantially higher" if negotiations fail to produce a satisfactory outcome within the specified timeframe.
Trump's comments come as both countries attempt to navigate complex trade negotiations. Key issues include intellectual property protection, market access, and the trade imbalance between the US and China. While some progress has been reported in recent months, significant disagreements remain. The threat of increased tariffs adds pressure on both sides to reach a mutually acceptable agreement. Economists warn that escalating trade tensions could negatively impact global economic growth and increase costs for consumers.
Trump Warns of Higher Tariffs if China Trade Deal Fails
Former President Donald Trump stated on Monday that tariffs on Chinese goods could significantly increase if a comprehensive trade agreement isn't reached within the next 90 days. He emphasized the importance of securing a favorable deal for the United States. This statement comes amid ongoing discussions regarding trade imbalances and intellectual property concerns between the two nations. The potential tariff hike could impact a wide range of industries and consumer prices.
Source: Read the original article at ABC