As the U.S. Treasury intends to resume negotiations with China to resolve the trade war, President Trump is still instructing his staff to continue imposing tariffs on $200 billion of Chinese imports, expected to be officially announced as soon as Monday (17) Eastern time.
Last week, Trump convened high-level trade aides to discuss tariffs on China, including fiscal minister Minuqin (Steven Mnuchin), Business minister Ross (Wilbur Ross) and Trade Representative Lai Haizhe (Robert Lighthizer). Minuqin has offered to restart trade dialogue with China. Trump also tweeted on the 13th that there was no pressure on the United States to reach a trade agreement with China, which is only because of the pressure on the Chinese side.
But Trump said last week that he would impose tariffs on $200 billion in Chinese goods and threatened to tax an additional $267 billion in Chinese goods in the future. Foreign media said the tax rate announced next Monday could be 10 percent, down from the 25 percent announced earlier by the government.
The delicate timing of the US proposal to Beijing lies behind the escalating trade war between China and the United States, when the United States offered to negotiate at a time when US experts believe that the U.S. economy is growing strongly, so the United States proposes to negotiate again.
The United States believes that strong economic performance is the basis for negotiations between the United States and the United States.
According to insider, Trump (Donald Trump) government asked senior officials to start a new round of trade talks with China later in September.
The Wall Street Journal quoted Steve Moore, a fellow at the Heritage Foundation (Heritage Foundation), a conservative think-tank in Washington, on September 14th as saying that because the US economy is so strong, and some other trade deals have been secured or are about to be reached, They feel that negotiations with China are better than they were three months ago.
It's like dominoes, Moore said, and countries that have not yet reached an agreement will face greater pressure. He was on Trump's campaign team and now communicates regularly with Trump government's economic advisers.
Meanwhile, Trump and some Republican lawmakers seen as likely to lose in the mid-term elections are increasingly under pressure from business and agricultural groups that oppose tariff increases and urge China to stop the trade war again.
In response to the talks, Trump said on Twitter (Twitter) on the 13th that the United States "does not feel the pressure to reach an agreement."
He added that China was feeling pressure to stop the trade war.
"our markets are soaring, their markets are collapsing," he wrote. We will soon receive billions of dollars in tariffs and produce products at home. If we want to have a meeting, shall we have a meeting? "