Trump says Putin meeting may be called off over ‘aggression’ against Ukraine

Trump says Putin meeting may be called off over ‘aggression’ against Ukraine

Although President Donald Trump promised Apple products will not be hit with tariffs, he suggested otherwise ahead of his summit with the Chinese leader Xi Jinping, scheduled for later this week.

If the two sides fail to reach a deal, Trump said he will also impose tariffs of either 10 percent or 25 percent on the remaining $267 billion in annual US trade with China.

Trump told the WSJ that companies importing goods from China should move plants to the U.S. Apple builds its phones and laptops overseas, though many parts come from its home country.

"China imposes a tariff of 40 percent on USA automobiles... approximately one and a half times higher than the 27.5 percent tariff that the United States now applies to Chinese-produced automobiles", Lighthizer said on Wednesday. "China summit meeting, he will invoke another $267 some odd billion in tariffs".

Despite the "good possibility" that Trump and Xi would make a deal during the G20 meeting in Buenos Aires, Argentina, Kudlow said a resolution was contingent of a number of factors, among them a commitment from China to resolve issues of forced technology transfer, tariff and non-tariff barriers, and intellectual property theft. And that cost would continue after a ceasefire in the current trade war.

Official Chinese statistics are often inflated, but even those show a slowing of the economy. "Although the current economic situation in the United States is good, people can not rule out the possibility of another - I don't want to use the word "crisis" - a similar situation to what happened 10 years ago", he said.

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Asked whether the United States economy will be hurt by tariffs, Kudlow declined to make a prediction, but said the United States is "in far better shape to weather this "than China is". Since then, communications have picked up between the two sides, said Kudlow.

"We are in a position to deal with it and handle it very well", he said.

He added that there will also be discussion around the United States emerging as "the dominant energy power in the world today".

On Monday, the president said the US did not approve of escalating violence between Russian Federation and Ukraine, but didn't specifically call out Russia's behavior.

Press Secretary Sarah Huckabee Sanders said Trump's schedule for the summit is "is pretty packed", but she "wouldn't say that we've ruled out any interaction".

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