US President Donald Trump. (Photo: Reuters)
US President Donald Trump. (Photo: Reuters)

Without a China trade deal, the US will hike tariffs, says Donald Trump

  • Trump said that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war
  • Trump's latest tough comment came as markets are watching intensely for signs of progress in the 2 economic superpowers' attempt to reach a so-called 'phase one' partial deal

WASHINGTON : US President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.

Speaking at a cabinet meeting at the White House, Trump added that China is going to have to make a trade deal.

"If we don't make a deal with China, I'll just raise the tariffs even higher," he told reporters at the White House.

Trump's latest tough comment came as markets are watching intensely for signs of progress in the two economic superpowers' attempt to reach a so-called "phase one" partial deal taking the heat out of a growing trade war.

Predictions of a resolution have come and gone repeatedly as Trump veers from hints of imminent deals to declaring his satisfaction with the current standoff, because the United States is pulling in billions of dollars in trade tariffs.

Skeptics say even a partial pact hinges on Trump rolling back existing tariffs, something his latest comment about increasing the duties would appear to put in doubt.

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