Trump says China will be 'hurt very badly' if no trade deal
WASHINGTON (AP) - President Donald Trump is warning Chinese President Xi Jinping that China "will be hurt very badly" if they don't agree to a trade deal.
Trump tweeted Monday after the countries failed to reach a deal in recent talks. The Trump administration has raised tariffs on $200 billion of Chinese imports after charging that China had backtracked on commitments it made in earlier negotiations.
Trump tweeted China "had a great deal, almost completed, & you backed out!" Trump insisted the tariffs the U.S. has placed on Chinese goods don't hurt American consumers, saying there is "no reason for the U.S. Consumer to pay the Tariffs."
White House economic adviser Larry Kudlow acknowledged Sunday that U.S. consumers and businesses pay the tariffs. "Both sides will pay," he told Fox News.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Formal charges pending for pastor who violated statewide ban against large gatherings
Bonnet Carre Spillway may open for record 3rd consecutive year
Central pastor issued court summons for violating ban on large crowds
Gov. John Bel Edwards 'personally startled' by Tuesday COVID-19 case increase
Unemployment benefits expanded to more people