U.S. President Donald Trump said on Wednesday that China "broke the deal" it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing "stops cheating our workers." Speaking to supporters at a rally in Florida on Wednesday, Trump accused China of breaking the deal and that Beijing would pay if no agreement is reached. We'll see, but I am very happy with over $100 Billion a year in Tariffs filling U.S. coffers," he added. Trump also has sought massive hikes in Chinese purchases of U.S. farm, energy and manufactured products to shrink a gaping U.S. trade deficit with China. "I think the Trump administration is quite serious about imposing tariffs," Kennedy said.

Source: dna May 09, 2019 03:33 UTC