Trump Remains Defiant As Trade War With China Continues

Vanessa Conneely - 13th May 2019

US President says end deal will only benefit Americans

Donald Trump says the United States is “"right where we want to be with China" as the superpowers remain locked in an economic battle.

The President agreed to double tariffs on €178 billion of Chinese goods on Friday, in a sharp escalation of their trade war.

Earlier, Mr Trump's top economic adviser, Larry Kudlow, said "both sides will suffer" from the trade dispute.

But the President is remaining defiant saying Americans will not be the ones to suffer.

In a post on Twitter he told his followers: "We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate," Mr Trump wrote in a post on Twitter.

"We will be taking in tens of billions of dollars in tariffs from China. Buyers of product can make it themselves in the USA (ideal),or buy it from non-tariffed countries."

On Friday, the US increased a tariff on €178 billion worth of Chinese goods - including fish, handbags, clothing and footwear – from 10 per cent to 25 per cent.

The Office of the United States Trade Representative has also said it has been ordered to "begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately €267 billion".

China has said it will retaliate but has not announced any details including when it would take action.

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