Trump says U.S. ‘Where we want to be’ on China trade talks as Kudlow hints Trump, Xi meeting next month
- 5 years ago
트럼프 미중무역협상 "우리가 원하는 지점에 있다"... "트럼프-시진핑, 6월 오사카 G20서 회동할 듯"
Trade talks between the U.S. and China nearly ground to a halt this past week,... but U.S. President Donald Trump is defending hiking tariffs on 2-hundred billion dollars worth of Chinese goods.
So what's ahead for the world's top two economies?
Moon Connyoung starts us off. U.S. President Donald Trump weighed in further on the state of trade negotiations... saying the U.S. was "right where we want to be" and poised to collect "tens of billions of dollars" in tariffs from China.
That's a view at odds with his top economic adviser who acknowledged earlier in the day that U.S. companies and consumers would also pay the tariff bill.
SIn a fresh tweet Sunday, the American president said it was Beijing that broke the deal and then sought to renegotiate.
He also refloated a plan from Friday to redirect money generated by tariffs to buy up U.S. agricultural products and (quote) "distribute the food to starving people" around the world.
But, earlier in the day, White House economic director Larry Kudlow acknowledged that American consumers will end up paying for the administration's tariffs on Chinese imports,... contradicting Trump's claim that the Chinese will foot the bill.
In his first interview since high-level talks between Chinese and American officials broke up Friday without a deal, Kudlow said that both sides will suffer from the growing trade war.
He also said although no date has been set so far, China has invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin back to Beijing.
AND, it's also likely that leaders of the U.S. and China will meet in the next couple of weeks.
"The talks will continue and I will say this: There is a G20 meeting in Japan toward the end of June next month. The chances that President Trump and President Xi will get together at that meeting are probably pretty good."
The ongoing trade feud between the world's two biggest economies is roiling global markets and weighing on projections for growth.
The Trump administration on May 10th boosted tariffs on 200 billion U.S. dollars in Chinese goods to 25-percent from 10-percent, and gave Beijing one month to strike a deal or face tariffs on all its exports to the United States.
Moon Connyoung, Arirang News.
Trade talks between the U.S. and China nearly ground to a halt this past week,... but U.S. President Donald Trump is defending hiking tariffs on 2-hundred billion dollars worth of Chinese goods.
So what's ahead for the world's top two economies?
Moon Connyoung starts us off. U.S. President Donald Trump weighed in further on the state of trade negotiations... saying the U.S. was "right where we want to be" and poised to collect "tens of billions of dollars" in tariffs from China.
That's a view at odds with his top economic adviser who acknowledged earlier in the day that U.S. companies and consumers would also pay the tariff bill.
SIn a fresh tweet Sunday, the American president said it was Beijing that broke the deal and then sought to renegotiate.
He also refloated a plan from Friday to redirect money generated by tariffs to buy up U.S. agricultural products and (quote) "distribute the food to starving people" around the world.
But, earlier in the day, White House economic director Larry Kudlow acknowledged that American consumers will end up paying for the administration's tariffs on Chinese imports,... contradicting Trump's claim that the Chinese will foot the bill.
In his first interview since high-level talks between Chinese and American officials broke up Friday without a deal, Kudlow said that both sides will suffer from the growing trade war.
He also said although no date has been set so far, China has invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin back to Beijing.
AND, it's also likely that leaders of the U.S. and China will meet in the next couple of weeks.
"The talks will continue and I will say this: There is a G20 meeting in Japan toward the end of June next month. The chances that President Trump and President Xi will get together at that meeting are probably pretty good."
The ongoing trade feud between the world's two biggest economies is roiling global markets and weighing on projections for growth.
The Trump administration on May 10th boosted tariffs on 200 billion U.S. dollars in Chinese goods to 25-percent from 10-percent, and gave Beijing one month to strike a deal or face tariffs on all its exports to the United States.
Moon Connyoung, Arirang News.