President Trump on Monday said he plans to meet with Chinese President Xi Jinping and Russian President Vladimir Putin next month when world leaders gather for the Group of 20 (G-20) summit in Japan.
President Trump is predicting that his meeting with Xi would be “very fruitful” and argued he would be negotiating from a position of strength after trade talks broke down last week between the world’s two largest economies.
“We’re in a great position right now, no matter what we do,” Trump told reporters during a meeting with Hungary’s prime minister. “Yeah, I think China wants to have it.”
WATCH:
The president’s announcement comes as trade tensions between the two nations have flared with each having hiked tariffs on the others’ imports following the failure of last week’s negotiations.
The Trump Administration raised tariffs on $200 billion in Chinese goods from 10 percent to 25 percent, but he said Monday he has not decided whether to impose 25 percent tariffs on the roughly $325 billion in remaining Chinese imports.
“We have another $325 billion that we can do if we decided to do it,” he said. “I haven’t made that decision yet … That is a tremendous amount of money that would come into our country.”
President Trump also took to Twitter to let the American People what is happening bypassing the MSM censors
There is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree. Also, the Tariffs can be…..
— Donald J. Trump (@realDonaldTrump) May 13, 2019
…completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly!…
— Donald J. Trump (@realDonaldTrump) May 13, 2019
..There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!
— Donald J. Trump (@realDonaldTrump) May 13, 2019
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We can learn from Hungary: WALLS WORK. And, we can understand how previous presidents have allowed China, Europe, Mexico, etc. to rip us off for decades. President Trump is doing a TRADE FIX [ not a “trade war” ].