Trump threatens to slap more trade tariffs on China
US President Donald Trump has threatened to impose billions of dollars worth of new tariffs on China if the two countries fail to reach an agreement on a new trade deal.
The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods.
"I think that we will make a great deal with China,"Trump told FOX News Channel's "The Ingraham Angle" in an interview on Monday.
"And I have $267 billion waiting to go if we can't make a deal," Trump added.
Trump has long threatened to impose tariffs on all remaining Chinese imports into the US if Beijing fails to meet US demands for a new trade deal.
Bloomberg news reported on Monday that Washington was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Trump and his counterpart Xi Jinping fail to ease the trade war.
Both Trump and Xi are expected to attend next month's G20 summit in Buenos Aires, where they could meet.
Chinese Foreign Ministry spokesman Lu Kang said China and the US have all along been in communication about exchanges at all levels, including a possible Xi-Trump meeting in Argentina.
US-China trade talks
Trade talks between the US and China concluded in September without reaching a breakthrough.
The escalation of the trade war and implementation of new tariffs on each other’s products has been counterproductive in the talks.
US demands from China include sweeping changes in bilateral trade, technology transfer and industrial subsidy policies.
Beijing insists that Washington must pursue mutual interests of the US and China in trade talks between them.
If the US is not willing to promote win-win cooperation with China, then China will continue with its reforms and develop itself, Lu said in Beijing on Tuesday.
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