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


This is getting nastier by the minute.
President Trump is a master in confrontation negociations.
And he certainly has a point on the unfair to the US Workd trade.
If he succeds or not is anyone’s guess.
And we don’t know if it will damage the World’s growth.
Bur it’s only fair to say he had to try to fix these inbalances.
The World has to realize that it cannot continue to have unfair trade advantages with the US.
“That’s All  Folks”.

Francisco (Abouaf) de Curiel Marques Pereira

(CNBC) Trump is supposed to meet with Xi at the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan. The leaders of 19 nations and the European Union are expected to attend.

In the telephone interview on “Squawk Box, ” the president said he’d be surprised if Xi did not attend. Trump said he has “a great relationship” with Xi, adding that “he’s actually an incredible guy.”

As the trade war between the U.S. and China continues, Trump has said he will continue raising tariffs on Chinese goods. He said his administration is currently taxing “35% to 40%” of the Chinese goods the U.S. imports. If an agreement isn’t reached, there are “another 60% and that’ll be taxed,” Trump said.