Trump says trade deal with China was 95 percent done

Trump says trade deal with China was 95 percent done”

Even the President's chief economic adviser, Larry Kudlow, has conceded that consumers will likely bear the costs of the fresh tariffs.

"It's not China that pays tariffs".

"Paid for mostly by China, by the way, not by us".

"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", Trump tweeted.

"It is not China that pays tariffs, it's the American importers, the American companies that pay what in effect is a tax increase and oftentimes pass it onto United States consumers", Wallace said, prompting Kudlow to agree, albeit with a reservation.

"Fair enough", Kudlow responded, adding after the anchor's interjection - "if it's a tariff on goods coming into the country, the Chinese aren't paying" - that "In fact, both sides will pay".

Pressed by Fox News' Chris Wallace, Kudlow appeared to contradict Trump's recently adopted mantra that an increase in tariffs on Chinese goods is entirely beneficial to the US.

Beijing has already vowed to retaliate against Washington's latest move to impose 25 percent tariffs on $200 billion worth of Chinese goods.

The US' top negotiators in trade talks with China - Treasury Secretary Steve Mnuchin and US Trade Representative Robert Lighthizer - met with China's Vice Premier Liu He on Friday, but the talks did little to bring the two sides closer. Trump chose to increase the tariffs following what the USA called China's decision to renege on key parts of a developing deal.

Also on Better act NOW!

The potential tax is a direct response to China's decision to impose a 25% tariff on $60 billion of American-made products last Friday.

"We are right where we want to be with China", Trump tweeted.

President Trump said Monday that a trade deal with China was "95 percent" complete before Chinese officials pulled the plug, prompting him to double down on his trade war with the world's second-largest economy.

Like this



14 May 2019
Game Of Thrones Fans React To That Daenerys Twist
Cersei had said in the past that they came into the world together and would leave together. There was a great sense of grief and an enormous amount of gratitude going on'.

14 May 2019
Fruit smell sparks mass evacuation of uni library
The University of Canberra Library was evacuated on Friday when a suspicious smell was reported. But as it turns out, the culprit wasn't gas, but rather a very smelly fruit.

13 May 2019
Sexton reflects on Champions Cup heartbreak with 'big regret'
For all of the merited highs, though, Saracens , who came from 10-0 behind to become the first English club to win three Champions Cups , will not rest here.

13 May 2019
Palestinian killed at Israel-Gaza border protest after truce
A week later it says it will end all funding for the United Nations agency for Palestinian refugees, UNRWA. He also blasted the council for refusing to take action against Palestinian terrorism.

13 May 2019
Samsung Smart TVs Gain Apple's TV App and AirPlay 2 Support
Early partner channels include HBO, Starz, Showtime and Tastemade, with more expected to join in the future, Apple said. The redesigned Apple TV app aims to solve some of the headaches that have emerged in the streaming media era.

13 May 2019
Trump Rips Rashida Tlaib Over Israel Comments
Tlaib is being slammed for her frightful and highly insensitive statement on the Holocaust ", Trump wrote on Twitter. Tlaib said thinking about this effort to provide a safe haven for people fleeing persecution brought calm to Rep.

13 May 2019
Ireland Bans US Hate Pastor, First Ban Under 1999 Act
Ireland has banned a U.S. preacher known for anti-gay and anti-Semitic views, using a 20-year-old legal power for the first time. The Minister said: "I have signed the exclusion order under my executive powers in the interests of public policy".

13 May 2019
Meghan, Harry release baby feet photo for US Mother's Day
As for his sister-in-law Meghan Markle , she is reportedly eager to return to her royal duties as soon as possible. And Prince Harry and Meghan have kept Princess Diana's family closely involved with the birth of their child.

13 May 2019
Lena Headley had 'mixed' feeling over Cersei Lannister's big moment — SPOILER ALERT
Well, the time has finally come. "The white horse showing up to help Arya also happened to be a toy of the girl she tried to save. The pair have appeared together as key players in the HBO fantasy drama since the first season aired in 2011.

13 May 2019
Pakistan to get $6bn from International Monetary Fund over the next three years
The Pakistani government has received financial aid from Saudi Arabia and the United Arab Emirates. However, Pakistan had no choice but to concede to the IMF's demands to secure the loan.