President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
US President Donald Trump called his Chinese counterpart Xi Jinping his “friend” but accused Beijing of reneging on key promises
Trump said on Twitter that Beijing had agreed “to buy agricultural product from the US in large quantities but did not do so.” After resuming face-to-face talks in Shanghai this week, trade negotiators were set reconvene in Washington in early September for another round of discussions, just after the new tariffs are put in place.
Even so, Trump seemed upbeat: “We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!”
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