President Trump says 'ball is in China's court' amid escalating trade war
Through his press secretary, President Donald Trump said China should move to de-escalate the ongoing trade war, as new tariffs and trade tensions continue to rise.
Through his press secretary, President Donald Trump said China should move to de-escalate the ongoing trade war, as new tariffs and trade tensions continue to rise.
Through his press secretary, President Donald Trump said China should move to de-escalate the ongoing trade war, as new tariffs and trade tensions continue to rise.
Speaking through White House Press Secretary Karoline Leavitt, President Donald Trump said Tuesday the "ball is in China's court" to de-escalate the ongoing trade war.
With tariffs up to 145% on certain Chinese goods, economists predict consumers will bear most of the costs.
"China needs to make a deal with us. We don't have to make a deal with them," Leavitt said. "There's no difference between China and any other country, except they are much larger. China wants what we have: the American consumer, or to put in another way, they need our money."
But new moves from China suggest they do not need American capital. it will not collect U.S. tariffs and will stop shipping small packages when a 120% tariff on them takes effect next month. China is also stopping shipments of key minerals used in a wide range of electronics.
On Tuesday, into safeguarding similar minerals mined in the U.S.
Meanwhile, China's president is currently touring a number of Asian countries, promoting free trade and the Chinese market as a source of "stability and certainty."
China also announced that strong exports over the last three months led to a more than 5% growth in its economy. The country also appointed a former World Trade Organization and United Nations official as its new top trade negotiator.
The White House insists that its tactics to promote equitable trade in the U.S. are working, claiming that 75 countries other than China have come to the negotiating table. The administration says 15 new trade deals are under consideration.
Still, trade tensions with other countries, like Mexico, are rising, which could lead to higher grocery prices in the U.S.
The Commerce Department is ending a program this summer that suspended a nearly 21% tariff on tomatoes from Mexico. The department says the move will protect American farmers, but has only angered Mexico further, threatening similar tax rates on chicken and pork.
Meanwhile, Japan's chief trade negotiator will start three days of talks with top Trump administration officials in Washington.