Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

Trump Warns of Substantial Increase in Tariffs on China if Trade Talks Don't Go Well

The threat came a day after US president Donald Trump announced 10 percent tariff on Chinese imports worth nearly $300 billion, in addition to the 25 per cent import tariff on products worth $250 billion.


Updated:August 3, 2019, 8:13 AM IST
Trump Warns of Substantial Increase in Tariffs on China if Trade Talks Don't Go Well
File photo of US President Donald Trump.

Washington: US President Donald Trump on Friday warned of imposing substantial tariffs on imports from China if the trade negotiations does not go well.

"China has to do a lot of things to turn it around. But you'll be seeing. They've got to do a lot of things. It (tariff increase) goes on September 1," Trump said a day after he announced to impose 10 per cent tariff on Chinese products worth nearly $300 billion. This is in addition to the 25 per cent import tariff on Chinese products worth $250 billion.

The next round of the US-China trade talks is scheduled for September.

"Frankly, if they don't do, I can always increase it very substantially. In other words, I could increase it — if I wanted to, I could increase it to a very much higher number," he said.

Observing that the US was "so far behind" China before he became the President, Trump said America had been treated badly.

"And I don't blame China. I blame our past leaders, our past presidents, our past trade representatives. They've done a terrible job," he said.

"We can't just go and make an even deal with China. We have to make a much better deal. Because, right now, they have a very unfair playing field, and I'm turning it around. We are getting 25 per cent of $250 billion and now we'll be getting 10 per cent of probably close to $350 billion. It's a lot of money, he said.

Trump further said China was devaluing their currency and they're also pouring money in.

"Their currency is going to hell, but they're also pouring money in. That will totally pay for the tariffs. The tariffs are not being paid for by our people; it's being paid for by China because of devaluation and because they're pumping money in," he said.

Trump said the US was taking in billions of dollars from China.

"We never took in 10 cents from China. Out of that many billions of dollars, we're taking a part of it and we're giving it to the farmers because they've been targeted by China. They come out totally whole. So, you interviewed the wrong farmer, but that's all right," said the US President.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results