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Trump "perfectly lucky" to invade additional tariffs for China: Wilbur Ross



Minister of Trade Wilbur Ross testified at the hearing of the Government's Supervisory Board and the Government Reform Committee on the Census on Thursday, October 12, 2017.

Bill Clark | CQ-Roll Call Group

President Donald Trump is ready to continue with tariffs for the remaining $ 300 billion in Chinese goods in the absence of a trade deal, according to US Secretary of State Wilbur Ross.

Speaking to Finn LeBo in Paris On Monday, Ross said enforcement would be the most important element of any potential deal between the two largest economies in the world.

"We will eventually make a deal, but if we do not, the President is fully pleased with the continuation of the tariff movements we have already announced and with the imposition of the new ones he has temporarily suspended," Ross said. 1

9659002] Trump unexpectedly accused China of giving up a deal earlier this month and announced that $ 200 billion in Chinese commodities would increase to 25% from 10% on May 10. By releasing a much-anticipated white paper in early June, China said world trade problems have begun by the United States and said Washington was not trustworthy during the talks. meeting in Osaka on June 28-29, where Trump and Chinese President Jin Jingping are expected to attend.

He said the G20 is not a place "where you will negotiate an agreement with 2,500 pages," adding that "there may be an agreement on the way ahead, but that's as far as we can expect."

Ross also pointed out that Washington is ready to apply car import tariffs to put pressure on foreign US ground-breaking automobile brands.

"The US market is the healthiest car market in the world at the moment, the Chinese market is collapsing, the European market is also stumbling," he said.

"On the American market, big cars are what sells the best in the US, and these are the highest winning cars, so there is a lot of logic, no matter what action we take for trading, more capital investment by foreign manufacturers. in the US We only accelerate this with potential tariffs. "Ross added that the US president" has a very serious thought "about the introduction of tariffs for all auto-imports, including those from the European Union.


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