On Friday, the US China trade talks ended with no deal or agreement. Trump administration escalated the tensions between Washington & Beijing by increasing the tariffs on China to 25%. So, this was the end of US China Trade Talks.
US President Trump said there is no need to rush to get a deal between the two countries. Lawmakers are more concerned about farmers.
Trump said the increased tariffs will bring “Far MORE wealth” to the US. On the contrary, according to a study by the Federal Bank of New York, Columbia and Princeton University the increased tariffs will prove burdensome on US consumers and business that buy imports.
Trump suggested on Twitter that money from the additional tariffs would allow the US to buy more agricultural goods from US farmers and ship to poor & starving countries.
After US China Trade Talks set back, Chinese negotiator Vice Premier Liu He left the US Trade Representative’s office. Both the US treasury secretary Steven Mnuchin & US trade representative Robert Lighthizer shook hands with him.
Despite this, Trump tweeted talks are not fully broken up. However, ti clearly indicates the continuous US China Trade War. Also, both Lighthizer & Mnuchin accused China of no keeping its promises.
Trump continued to tweet on Twitter. There is a series of tweets by Trump on his Twitter handles.
Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with “murder!”
— Donald J. Trump (@realDonaldTrump) May 10, 2019
Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries. The relationship between President Xi and myself remains a very strong one, and conversations….
— Donald J. Trump (@realDonaldTrump) May 10, 2019
Don’t know how he thinks that this will make the US wealthier. American importers have to double triple for their imported goods. He is increasing the burden and pressure on American traders. Thus, the money of American citizens will go to US administration and then maybe it will come back again to citizens.
So, it’s just the citizen’s money is circulating and Trump is thinking he has done something really marvellous by putting an extra burden on his countrymen.
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Don’t know what he keeps on thinking while taking all these steps. He always ends every deal with no agreement at all and blames the opponent party for that. He never ever observes if he is at wrong as he declares himself wisest. Also, if you people have noticed, many times he mentioned himself by “your all time favourite president” by his own.
Donald Trump said he might expand penalties to all Chinese goods shipped to the United States.
Chinese negotiator Liu He sincerely appealed to Washington to avoid tariff hikes as it’s not a solution. Further, he said, “We should not hurt innocent people.”
Chinese officials have targeted operations of American companies in China by slowing customs clearance for their goods and stepping up regulatory scrutiny that can hamper operations.
Beijing retaliated for previous tariff hikes by raising duties on $110 billion of American imports. But regulators are running out of US goods for penalties due to the lopsided trade balance.
Canada Prime Minister Justin Trudeau urged Trump to press China to release Canadian citizens that have been held for five months.
But, Trump is not appropriately thinking about his own countrymen how he will be able to do something good for someone else.
The US is insisting on tariff hikes and is accusing China of breaking promises previously.
Let’s see if trade talks took place again or not. Whether Trump is going to find a better solution for everyone or will let American traders suffer.
What do you think? Is this was the end of US China Trade Talks? Do tell us your views in the comments section below.
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