Trump Says China 'Broke' Trade Deal', Vows to Continue Tariffs
Panama City/ Washington: US President Donald Trump said on Wednesday that China 'broke the deal' it had reached in trade talks with the US and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing 'stops cheating our workers.'
The US Trade Representative's office announced that tariffs on $200 billion worth of Chinese goods would increase to 25% from 10% at 12:01 a.m. (0401) GMT on Friday, right in the middle of two days of meetings between the Chinese Vice Premier Liu He and Trump's top trade officials in Washington.
Speaking to supporters at a rally in Florida on Wednesday, Trump accused China of breaking the deal and that Beijing would pay if no agreement is reached.
'I just announced that we'll increase tariffs on China and we won't back down until China stops cheating our workers and stealing our jobs, and that's what's going to happen, otherwise we don't have to do business with them,' Trump told a cheering crowd.
The world's two largest economies have been embroiled in a tit-for-tat tariff war since July 2018 over US demands that the Asian powerhouse adopt policy changes that would, among other things, better protect American intellectual property and make China's market more accessible to US companies.