President Donald Trump is ready to proceed with tariffs on the remaining $300 billion in Chinese goods in the absence of a trade deal, according to U.S. Commerce Secretary Wilbur Ross.
Speaking to CNBC’s Phil LeBeau at the Paris Airshow Monday, Ross said enforcement would be the most important element of any potential deal between the world’s two largest economies.
“We will eventually make a deal, but if we don’t, the president is perfectly happy with continuing the tariff movements that we’ve already announced, as well as imposing the new ones that he has temporarily suspended,” Ross said.
His comments directly echo those of Treasury Secretary Steven Mnuchin last week, indicating that the administration is unified on its plan in the event that talks fall apart.
“…The U.S. market is the healthiest auto market in the world right now. The Chinese market has been crumbling, European market is stumbling as well…”https://t.co/lhIV8DfJrl
— Dominic Chu (@TheDomino) June 17, 2019
To get more information about this article, please visit CNBC. To weigh in, leave a comment below.
The post VIDEO: Trump ‘perfectly happy’ to slap further tariffs on China if no deal is reached, Wilbur Ross says appeared first on DML News.
This content is courtesy of, and owned and copyrighted by, https://dmlnews.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://dmlnews.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.