ZCZC
BCN-37
US-CHINA-TRADE-TARIFFS
Trump: Chinese trade officials coming to US ‘to make a deal’
WASHINGTON, May 8, 2019 (BSS/AFP) – Chinese trade officials headed to
Washington for talks this week intend to “make a deal,” US President Donald
Trump said Wednesday, reviving hopes for success in negotiations that had
appeared to hang by a thread.
“China has just informed us that they (Vice-Premier) are now coming to the
US to make a deal,” Trump said on Twitter, referring to top trade envoy Liu
He.
“We’ll see but I am very happy with over $100 Billion a year in Tariffs
filling US coffers…great for US, not good for China!”
Citing sudden backtracking by the Chinese side after months of
negotiations, the White House this week announced US tariffs on $200 billion
in Chinese imports would more than double on Friday — a prospect that had
long sent shivers through the global economy.
Trump’s tweet suggested he was comfortable either with making a deal or
with leaving the tariffs in place, however.
Following the tariffs announcement, stock markets around the world sank for
two trading days and Wall Street futures were still in the red shortly after
1300 GMT on Wednesday but were moving higher.
BSS/AFP/SR/1900 HRS