Trump Warns China Not to Retaliate Against Tariff Hike

US-China relations

But that facade masks fundamental divisions, with US officials increasingly convinced that hardliners in Beijing are winning the internal debate on reforms. "Buyers of product can make it themselves in the US (ideal), or buy it from non-Tariffed countries.", he said.

The United States raised tariffs on US$200 billion in Chinese imports from 10 percent to 25 percent on Friday after American officials accused Beijing of backtracking on commitments made in earlier rounds of negotiations.

"The Chinese will suffer GDP losses and so forth with respect to a diminishing export market and goods that they may need", Kudlow said, before agreeing with Wallace that even though China may suffer consequences, USA businesses and consumers are the ones who will pay the tariffs.

While the Trump administration has taken that line for months, there are also some signs the president's self-proclaimed fondness for tariffs may be backfiring.

"Yes, I don't disagree with that", said Larry Kudlow, the head of the president's National Economic Council.

President Donald Trump has warned Chinese President Xi Jinping and all of his "many friends in China" that the country "will be hurt very badly" if they don't agree to a trade deal.

He then ordered a tariff hike on nearly all remaining imports from China, which are worth about $300 billion, according to US Trade Representative Robert Lighthizer. He said officials might be anxious companies may shift operations out of China in response to "aggressive retaliatory actions".

"Both sides will suffer on this", he said. -Chinese trade balance. Regulators have been targeting American companies in China by slowing down customs clearance for shipments and processing of business licenses.

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Trump also ordered U.S. Trade Representative Robert Lighthizer to begin imposing tariffs on all remaining imports from China, a move that would affect about an additional $300 billion worth of goods.

Talks broke down Friday between the two countries after two days of negotiations because China's reluctance to concede United States demand that it must codify into law the changes it was undertaking to make as part of the deal and detail them, which Beijing saw as a sovereignty issue.

"Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia", he wrote.

The president argued there was "no need to rush" into a trade agreement with China, as the US Treasury was benefiting from these "massive payments". "The Chinese will suffer (economic) losses and so forth with respect to a diminishing export market". Kudlow said the US tariffs would remain in place while negotiations continue. Economists say more might follow to reduce the risk of American tariff hikes.

The latest China-US talks ended with no word of progress on Friday.

Last November, Trump and Xi had agreed to negotiate a trade deal in 100 days.

They include 'forced tehnology transfer, ' a phenomenon in which China's government requires foreign companies to share control of their operations with Chinese companies - often giving their competition direct access to their trade secrets.

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