Trump Warns of Higher Tariffs if China Trade Deal Fails
Former President Donald Trump stated on Monday that tariffs on Chinese goods could increase significantly if a comprehensive trade agreement isn't reached within 90 days. He emphasized the importance of securing a favorable deal for the United States. The former president's remarks come amid ongoing discussions between the two economic powerhouses. This development could have major implications for global trade.
Former President Donald Trump has warned that tariffs on Chinese goods could rise "substantially higher" if a long-term trade deal is not finalized within 90 days. Speaking on Monday, Trump reiterated his commitment to securing a trade agreement that benefits the United States. His statement introduces uncertainty into the ongoing trade negotiations between the U.S. and China, which aim to resolve long-standing disputes over trade practices and intellectual property. Failure to reach an agreement could lead to increased costs for consumers and businesses in both countries and potentially disrupt global supply chains. Experts are closely monitoring the situation for any signs of progress or escalation.
Source: Read the original article at ABC