On Monday, US President Donald Trump sharply criticized Chinese practices and sent a warning to his Chinese counterpart Xi Jinping, based on China’s ambiguity about ending the trade battle without getting great results for the two countries.
Trump has threatened to impose an additional tariff on the 300 billion Chinese dollars, in case the meeting with Xi Jinping failed on the sidelines of the G20 summit in Osaka, Japan, on 28 and 29 June.
The controversial president has expressed his self-confidence and the measures he has taken and the measures he will take if he does not have the seriousness required in the trade negotiations between the two giants, especially that she has arrived its final without getting the desired results. As part of the aggressive defense of its strategy, the head of the White House stressed the effect of punitive measures on the Chinese economy, which would prompt Beijing to sign an agreement with the United States.
“China is getting very tired as companies move to other countries because they do not want to pay any fees,” he said. “In my opinion, China will sign an agreement because it has to do it.”
In an interview with CNBC, Trump confirmed he would attend the next summit and meet with the Chinese president as planned. “If it happens, it’s fine, and if it does not happen, it’s also excellent,” he said.
In recent months, Trump has imposed a 25% tariff on 250 billion dollars worth of Chinese products imported by the United States. It also periodically threatens to extend these punitive tariffs to an additional 300 billion dollars of Chinese products as American companies import almost all their needs from China.
Washington is trying to reduce its huge trade deficit with China and get a series of commitments on intellectual property rights from Beijing and end forced technology transfers, or even abandon support. To state enterprises.
After the US president claims that China has lost “several billion dollars”, he said it would not catch up with the US economy. “According to my policy, they will never catch up,” he said, adding that the equation would have completely changed if his rival of the Democratic Party won the 2016 elections.
Trump also took the opportunity to complain about the fact that the “F.R” promptly raised interest rates and did not listen to what he said, and addressed his remarks to the Federal Reserve officials: “Do not forget that the President of the Central Bank of China is President Xi”. “As President, he can do what he wants,” he said, noting that his Chinese counterpart dictates his will to the Central Bank of China and that the Federal Reserve is not paying attention to its policy towards the opponents.
A recent report from the US Treasury Department said China has not handled its currency in the last six months.
The reports indicate that Chinese exports increased by more than 1% in the five months of this year after US sanctions, increasing significantly from what experts have predicted.