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
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.