President Trump says he will enact additional tariffs against Chinese products if Chinese President Xi Jinping does not meet with him during the G-20 Summit later this month.
The president made the remarks during a CNBC interview saying the tariffs would go into effect immediately if Xi does not attend the summit in Osaka.
President Trump continued by claiming he would be shocked if the Chinese leader did not attend, and praised his relationship with him saying, “He’s actually an incredible guy.”
Just las week, President Trump clarified he would be willing to implement higher tariffs on $300 billion worth of Chinese goods if he felt it necessary.
His interview remarks come just about one month after China announced retaliatory tariffs targeting $60 billion worth of American goods, which took effect June 1.
The Chinese Finance Ministry made the announcement saying spinach, batteries and coffee could see tariffs ranging from 5% to 25%.
….of the tremendous ground we have lost to China on Trade since the ridiculous one sided formation of the WTO. It will all happen, and much faster than people think!
— Donald J. Trump (@realDonaldTrump) May 14, 2019
The announcement came in response to President Trump’s decision to enact heightened tariffs on $200 billion worth of Chinese products.
Though American officials have remained optimistic about reaching a trade deal in recent months, they have accused China of trying to renegotiate the deal as it reportedly neared completion after bilateral talks soured last month.
The G-20 Summit is scheduled to take place June 28-29 in Osaka, Japan, with 19 world leaders likely to be in attendance.