Trump hints at possible extension of trade war truce with China
But President Donald Trump is quick to add ‘I am a Tariff Man’ if there is no possibility of a China trade deal outcome
Washington — US President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences. Trump said his team of trade advisers led by China trade hawk US trade representative Robert Lighthizer would determine whether a “REAL deal” with Beijing was possible. “If it is, we will get it done,” Trump wrote in a Twitter post. “But if not remember, I am a Tariff Man.”
The threat of an escalating trade war between the world’s two largest economies has loomed large over financial markets and the global economy for much of the year, and investors initially greeted the ceasefire agreed by Trump and Chinese President Xi Jinping over the weekend with relief. However, following Monday’s rally, markets on Tuesday sold off as doubts over what could realistically get accomplished in the tight negotiating window added to concerns about fading global growth. The Dow ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.