Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Trump says he could do 'a lot more' on China trade: Fox

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2018 | 10:19am CEST
FILE PHOTO: U.S. President Donald Trump delivers his speech as he and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing

WASHINGTON (Reuters) - U.S. President Donald Trump warned on Thursday there was much more he could do that would hurt China's economy further, showing no signs of backing off an escalating trade war with Beijing.

Despite the rhetoric, Trump and Chinese President Xi Jinping plan to meet at the G20 summit in Argentina in late November, the Wall Street Journal reported on Thursday, citing officials in both countries.

White House economic adviser Larry Kudlow has said the meeting was under discussion. The Journal reported the Trump administration in recent days told Beijing it will go ahead with the meeting, which China has been hoping could help ease the escalating trade tensions.

Asked about a Trump-Xi meeting at the G20 summit, Chinese Foreign Ministry spokesman Lu Kang told a regular news briefing in Beijing on Friday that, "China and the United States maintain communication at all levels of dialogue and exchanges." He did not elaborate.

Trump imposed tariffs on nearly $200 billion of Chinese imports last month and then threatened more levies if China retaliated. China then hit back with tariffs on about $60 billion of U.S. imports.

"It's had a big impact," Trump said in a Fox News interview. "Their economy has gone down very substantially and I have a lot more to do if I want to do it.

"I don't want to do it, but they have to come to the table."

Trump said the Chinese want to negotiate but he does not believe they are ready and he told them so. He blamed previous U.S. presidents for allowing China to pursue unfair trade practices and said he had to tell Beijing, "It's over."

"They lived too well for too long and, frankly, I guess they think the Americans are stupid people. Americans are not stupid people. We were led badly when it came to trade," Trump told "Fox & Friends."

The growing trade war prompted the International Monetary Fund on Tuesday to cut its global economic growth forecasts for 2018 and 2019.

(Reporting by Doina Chiacu and Susan Heavey; Additional reporting by Michael Martine; diting by Jonathan Oatis & Shri Navaratnam)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
03:29aIMF chief Lagarde to skip Saudi investment conference
RE
03:27aDollar consolidates, yen weakens as risk sentiment improves
RE
03:23aDEPARTMENT OF AGRICULTURE OF REPUBLIC OF P : TienDA in Taguig generates P3.1M sales in one day
PU
03:18aSTATE GOVERNMENT OF WESTERN AUSTRALIA : Call to get behind 2018 Biosecurity Blitz
PU
03:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
03:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
02:54aOil prices edge up on surprise drawdown in U.S. crude stockpiles
RE
02:52aSingapore's September Exports Miss Expectations
DJ
02:46aScholar says claims of China currency manipulation 'total rubbish' - paper
RE
02:43aSingapore Sept exports up 8.3 percent year-on-year
RE
Latest news "Economy & Forex"
Advertisement