Monday, June 10, 2019

President Trump Says A Meeting With Chinese President Xi At The G20 Has Been Scheduled, But If He Does Not Attend Tariffs Will Be Imposed Immediately



CNBC: Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately

* President Trump threatened more tariffs on Chinese imports if President Xi Jinping is not at this month’s G-20 meeting.
* The president previously threatened to put levies on another $300 billion in Chinese goods if an agreement is not reached soon.

President Donald Trump confirmed on Monday that additional tariffs on Chinese goods will be levied if Chinese President Xi Jinping does not attend this month’s G-20 meeting.

When asked during a telephone interview if that means the new tariffs would go into effect immediately, Trump told CNBC’s Becky Quick, “Yes, it would.”

The president previously threatened to put levies on another $300 billion in Chinese goods if a trade agreement is not reached soon. The Trump administration increased tariffs last month on $200 billion worth of goods the U.S. imports from China.

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Update #1: Trump says Xi meeting at G20 'scheduled' (CNA)
Update #2: Trump: If China's Xi Jinping Fails to Attend G20, Fresh Tariffs to Come Into Effect Immediately (Sputnik)

WNU Editor: Both men will meet, and it will be a formal one .... Donald Trump’s G20 meeting with Xi Jinping in Osaka could again be a formal dinner, source says (SCMP). I know that Chinese President Xi is going out of their way to accommodate President Trump. When I read this report (and my contacts in China verified it) it confirmed to me that China is taking President Trump's threat of more tariffs very seriously, and that they will do what is necessary to reach a deal .... Trump said Xi Jinping abandoned a signature economic initiative because he told him it was insulting (Business Insider). President Trump is playing hardball, and everyone is swallowing it.