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Act now or trade deal will be 'far worse' after 2020: Trump warns China

ANI  |  US 

on Saturday (local time) warned to act immediately and strike a trade deal with the in order to avoid a "far worse" negotiation after 2020.

"I think that felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win - in which case they would continue to rip-off the USA for $500 Billion a year," Trump tweeted.

"The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!" he added.

In an apparent bid to coerce into making concessions following the latest round of high-level trade talks in that ended without a deal, Trump has been urging China to come on board with his terms now, unless it wants to deal with a much tougher post-2020 Trump, Russia Today reported.

The US escalated its with China on Friday by levying a fresh 15 per cent hike of tariffs on 200 billion dollars worth of Chinese goods in the middle of last-ditch talks to rescue a trade deal. A rise in tariffs on all remaining Chinese imports, valued at approximately USD 300 billion is further under process.

In addition, the issued orders for the tariff increase, saying China "broke the deal" by retreating from earlier commitments made during months of negotiations.Meanwhile, said it still remains "cautiously optimistic" about the future of trade negotiations with the US.

Speaking after the two-day talks in Washington, the of the Chinese delegation, Liu He, said that despite "minor twists and turns" he does not see the negotiations as having been "derailed".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 12 2019. 09:33 IST