Donald Trump warns China it will be ‘hurt very badly’ if it doesn’t reach a trade deal quickly
- US President’s latest flurry of tweets includes warning to Beijing not to retaliate after he raised tariffs on Chinese imports
- Trump dismisses concerns that American consumers will pay more, arguing businesses can buy from ‘non-tariffed countries’ instead
US President Donald Trump has warned China not to retaliate after his latest salvoes in the ongoing trade war, arguing that things “will only get worse” if it does.
In a series of tweets on Monday morning, Trump also said China risked being “hurt very badly” and dismissed concerns – articulated by his own economic adviser among others – that American consumers would pay as a result of his decision to increase tariffs on Chinese imports.
The US raised tariffs on US$200 billion of Chinese imports from 10 per cent to 25 per cent on Friday – a move Trump defended on the grounds that China “has taken advantage of the US for so many years”.
The US President had previously accused China of trying to change the terms of the agreement between the two sides.
In his latest tweets he warned: “China should not retaliate – will only get worse!
“I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries. Too expensive to buy in China. You had a great deal, almost completed, & you backed out!”
