“President Donald Trump said high threatened tariffs with China were not viable as tensions between the world’s two largest economies intensify ahead of an expected face-to-face meeting with Chinese counterpart Xi Jinping,” Bloomberg reports.
Said Trump: “It’s not sustainable. But that’s what the number is, it’s probably not, you know, it could stand, but they forced me to do that.”
“The tariff clash between Washington and Beijing saw US import taxes on Chinese goods rise to as high as 145% in a tit-for-tat exchange that raised fears of a global downturn and a cutoff in trade between the two economies.”
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