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Trump Renews Tariff Threat Against China and Touts U.S. Economic ‘Boom’

Trump Renews Tariff Threat Against China and Touts U.S. Economic ‘Boom’

President Trump, in an economic address in New York, said his policies have fueled America’s growth but gave little indication that a breakthrough in China trade talks was imminent, the New York Times reports.

President Trump on Tuesday said the United States was “close” to an interim deal with China and that an agreement “could happen soon,” even as he renewed his threat of additional tariffs.

Trump’s remarks at the Economic Club of New York were likely to stoke still more uncertainty about how quickly the 19-month trade war will be resolved. He used the speech to claim credit for an economic “boom” while downplaying any negative impact on the American economy from the tariffs that both sides have placed on each other’s goods.

If Beijing doesn’t accede to America’s trade terms, he said, “we’re going to substantially raise those tariffs.”

“We will only accept a deal if it’s good for the United States,” he added.

Washington and Beijing are trying to reach a “Phase 1” trade agreement that would resolve some of the administration’s concerns about China’s economic practices and help defuse tensions that have slowed the global economy.

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