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| ‘Easier & quicker’: Trump says tariffs are actually better than deal with China | ‘Easier & quicker’: Trump says tariffs are actually better than deal with China |
| (32 minutes later) | |
| Increased levies on Chinese goods would work faster and better than a traditional agreement so there is no need to speed up ongoing trade talks, US President Donald Trump said after slapping Beijing with additional duties. | Increased levies on Chinese goods would work faster and better than a traditional agreement so there is no need to speed up ongoing trade talks, US President Donald Trump said after slapping Beijing with additional duties. |
| The US’ decision to hike tariffs from 10 percent to 25 percent came into effect on Friday, as the final day of tough talks between the two countries to avert further trade war escalation takes place in Washington. | The US’ decision to hike tariffs from 10 percent to 25 percent came into effect on Friday, as the final day of tough talks between the two countries to avert further trade war escalation takes place in Washington. |
| However, the US leader said that matters are good enough as they stand now and the deal can wait, as “massive payments go directly” to the US Treasury. | However, the US leader said that matters are good enough as they stand now and the deal can wait, as “massive payments go directly” to the US Treasury. |
| “Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do,” Trump wrote in one of his morning tweets on Friday. | “Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do,” Trump wrote in one of his morning tweets on Friday. |
| The US economy has lost $500 billion annually for many years due to “crazy trade” with China, Trump added, reiterating his earlier pledge to end the practice. He also said that the duties make America “much stronger,” while slamming the previous Obama administration for letting “China get away with murder” without elaborating. | |
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