US President Donald Trump stated he has no urgency to speak with Chinese President Xi Jinping despite the escalation of trade tensions. This comes after both countries imposed retaliatory tariffs, with China targeting US energy, vehicles, and equipment.
US President Donald Trump stated Tuesday that he was not in a hurry to converse with his Chinese counterpart Xi Jinping, despite anticipations that they would engage in discussions following the imposition of retaliatory tariffs in an escalating trade conflict. Beijing declared its intention to impose levies on imports of US energy, vehicles, and equipment as a countermeasure minutes after Trump 's threatened tariffs on Chinese goods came into effect.
Trump had suspended duties on Mexico and Canada the previous day for a month following both countries' pledges to intensify efforts to curb the flow of the drug fentanyl and the entry of undocumented migrants into the United States. Trump had previously indicated that talks with Xi could take place early this week, but while addressing reporters at the White House Tuesday afternoon, he asserted that he was 'not in a rush' to speak with Xi. Stock markets fluctuated as investors prepared for potentially volatile market activity in the coming weeks due to Trump's threatened tariffs on his country's three largest trading partners. Trump implemented fresh 10 percent tariffs on Chinese goods, in addition to existing levies against Washington's primary economic rival. Mexico and Canada had faced 25 percent tariffs. White House Press Secretary Karoline Leavitt stated on Monday that Trump was scheduled to speak with Xi, but on Tuesday, she indicated that she had no 'updates on when that call will take place.' 'He is not going to allow China to continue to source and distribute deadly fentanyl into our country, that was the reason for this tariff,' Leavitt told reporters outside the West Wing of the White House. Beijing unveiled 15 percent levies on coal and liquefied natural gas imports from the United States, while crude oil, agricultural machinery, large-engined vehicles, and pickup trucks face 10 percent duties. China also stated it would investigate US tech giant Google and the US fashion group that owns Tommy Hilfiger and Calvin Klein. The Chinese government asserted that these measures were in response to the 'unilateral tariff hike' by Washington. It announced its intention to file a complaint with the World Trade Organization regarding the 'malicious' levies. Additionally, it unveiled new export controls on rare metals and chemicals, including tungsten, tellurium, bismuth, and molybdenum, used in a variety of industrial appliances. China is a significant market for US energy exports and, according to Beijing customs data, imports of oil, coal, and LNG totaled more than $7 billion last year. However, this is dwarfed by China's imports from more friendly powers such as Russia, from which it purchased $94 billion-worth last year. Trump has made tariffs a key foreign policy tool during his second term, jesting that the word 'tariff' is the 'most beautiful' in the dictionary. The Republican billionaire stated that his duties aimed to punish countries for failing to curb the flow of illegal migrants and drugs, including the potent opioid fentanyl, into the United States. Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau both reached last-minute agreements with Trump on Monday to strengthen border measures, leading to a 30-day suspension of threatened levies. Talks will continue for the next month on broader pacts. Mexico stated Tuesday that it had begun the 10,000-strong border troop deployment it had promised Trump as part of the agreement to halt tariffs. 'The deployment has already started,' Sheinbaum told reporters. More than 450,000 people have been murdered nationwide since Mexico launched a major offensive against drug cartels in 2006. Trudeau stated that Canada would appoint a 'Fentanyl Czar' and designate drug cartels as terrorist organizations
TRUMP XI JINPING CHINA TARIFFS TRADE WAR MEXICO CANADA
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