Trump advises companies produce goods 'in good old' US to avoid tariffs

Trump advises companies produce goods 'in good old' US to avoid tariffs

Critics slammed Trump Friday after he raised tariffs from 10 percent to 25 percent on about $200 billion worth of Chinese products.

The tariffs are not paid by the Chinese government or by firms located in China.

"We believe that the decision made by the U.S. to raise tariffs is overly impulsive, but the USA knows that both the American and global public were hopeful about the prospects of China and the United States reaching a trade deal", Global Times said. China has said it will retaliate, and may target the US agriculture heartland that is a wellspring of political support for the president.

"Although there will be some pressure, I believe China's economy will continue to develop smoothly, healthily, in a good state", he said.

"The deal will become far worse for them if it has to be negotiated in my second term".

"I know of a big prominent company in Kentucky that said the tax cuts significantly helped them, but that the tariffs are nearly equal in punishing them", Paul said during an interview on ABC's "This Week".

With negations stalled, Trump has been portraying the trade deal as something Beijing wants much more than Washington.

He then cranked up the heat further, ordering a tariff hike on nearly all remaining imports - U.S. 300 billion worth, according to US Trade Representative Robert Lighthizer - from the world's second-biggest economy.

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"Tariffs will make our Country MUCH STRONGER, not weaker", the president predicted in a tweet.

The outcome of Friday's talks indicates that Chinese Vice-Premier and lead negotiator Liu He did not seem to have the authority to make changes in key positions or renegotiate the backtracking that precipitated America's about-turn last weekend, according to Eurasia Group analysts Michael Hirson, Paul Triolo and Todd Mariano. And he's showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world's two biggest economies.

China's Global Times newspaper said Sunday in an editorial that China "will never make concessions on major issues of principle".

"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", Trump said, praising his relationship with Chinese President Xi Jinping and saying the negotiations would carry on.

"President Trump is the first president to take China head-on, " said Texas Rep. Kevin Brady, the top Republican on the House Ways and Means Committee. He'd also vindicate a more aggressive approach toward China than his predecessor Barack Obama - and by extension, former Vice President Joe Biden, whom Trump said Friday is likeliest to emerge as next year's Democratic presidential nominee.

The latest US increase might hit American consumers harder, said Jake Parker, vice-president of the US-China Business Council. China's response was sharp contrast: It quickly enacted a massive stimulus campaign that super-charged economic growth and helped pull the entire world economy out of the ditch.

The interview came less than a day after the Trump administration hiked tariffs on $200 billion worth of Chinese goods.

President Donald Trump on Saturday called for China to act now on trade or risk facing a worse deal if negotiations continue into a possible second term after the 2020 presidential election. After Xi took office, Beijing announced an initiative called Made in China 2025 created to make Chinese companies world leaders in advanced fields like robotics and artificial intelligence. What the Chinese Vice Premier said has allowed the truth to come out.

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