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Trump: China “broke the deal” in U.S.-China trade talks

ITN News Editor
By ITN News Editor May 9, 2019 12:43

Trump: China “broke the deal” in U.S.-China trade talks

U.S. President Donald Trump said he would be happy to keep tariffs on Chinese imports as the two countries prepare for new talks to try to rescue a faltering trade deal amid a sharp increase in U.S. duties as he charged China with “breaking the deal.”The U.S. Trade Representative’s office announced that tariffs on $200 billion worth of Chinese goods would increase to 25 percent from 10 percent at 0401 GMT on Friday, right in the middle of two days of meetings between Chinese Vice Premier Liu He and Trump’s top trade officials in Washington.Beijing announced it would retaliate if tariffs rise. The world’s two largest economies have been embroiled in a tit-for-tat tariff war since July 2018 over U.S. demands that the Asian powerhouse adopt policy changes that would, among other things, better protect American intellectual property and make China’s market more accessible to U.S. companies.Expectations were recently riding high that a deal could be reached but a deep rift over the language of the proposed agreement opened up last weekend.

ITN News Editor
By ITN News Editor May 9, 2019 12:43

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