US President Donald Trump said on Monday that he is ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with China’s top leader at a Group of 20 summit later this month, Reuters reports.
Since two days of talks to resolve the US-China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expects to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting.
Trump said last week he would decide after the G20 meeting whether to carry out a threat to impose tariffs on at least US$300 billion in Chinese goods.
In comments to reporters on Monday, Trump said he still believes the meeting with Xi would happen.
“We are scheduled to talk and to meet. I think interesting things will happen. Let’s see what happens,” Trump said at the White House.
The United States has already imposed 25 percent tariffs on US$250 billion worth of goods.
China’s foreign ministry said on Monday that Beijing is open to more trade talks with Washington but has nothing to announce about a possible meeting.
Tensions between Washington and Beijing rose sharply in May after the Trump administration accused China of having reneged on promises to make structural economic changes during months of trade talks.
Washington is seeking sweeping changes, including an end to forced technology transfers and theft of US trade secrets. It also wants curbs on subsidies for Chinese state-owned enterprises and better access for American firms in Chinese markets.
On May 10, Trump raised tariffs on US$200 billion of Chinese goods up to 25 percent and took steps to levy duties on an additional US$300 billion in Chinese imports. Beijing retaliated with tariff hikes on a revised list of US$60 billion in US goods.
Washington has also angered China by putting Huawei Technologies on a blacklist that effectively bans US companies from doing business with the Chinese telecoms equipment maker.
In an interview with CNBC, Trump said the Huawei dispute could be addressed as part of a trade deal with China.
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