President Donald Trump again Tuesday threatened “major Tariffs” on Chinese products shipped to the United States if his administration fails to strike a final trade pact with Beijing.
We are either going to have a REAL DEAL with China, or no deal at all – at which point we will be charging major Tariffs against Chinese product being shipped into the United States. Ultimately, I believe, we will be making a deal – either now or into the future….
— Donald J. Trump (@realDonaldTrump) December 5, 2018
Stocks took a dive Tuesday as trade talks between the world’s largest economies appeared to again hit a stalemate.
The White House on Saturday night had signaled a big win after trade talks over dinner between Trump and Chinese President Xi Jinping that included a U.S. freeze on tariffs on Chinese goods going to 25 percent on Jan. 1 and China buying more American agricultural goods.
Trump dubbed himself a “Tariff Man” if Xi’s government cannot strike a deal with his administration.
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