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Trump Says He is 'Tariff Man,' China Talks to end in 90 Days 'Unless Extended'

EconomyDec 04, 2018 10:24AM ET
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Investing.com - U.S. President Donald Trump said Tuesday that trade talks with China will end in 90 days unless they are extended and warned he is a “tariff man.”

Trump said the clock on the talks began at his dinner with Chinese President Xi Jinping on the sidelines of the G20 summit in Argentina on Saturday and would end in 90 days “unless extended”.

"The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro on seeing whether or not a REAL deal with China is actually possible," he tweeted.

“If it is, we will get it done. China is supposed to start buying Agricultural product and more immediately. President Xi and I want this deal to happen, and it probably will.”

The White House said on Saturday that Trump told his Chinese counterpart that he would not raise tariffs on $200 billion of Chinese goods to 25% on Jan. 1 as previously announced.

In a follow up tweet, Trump warned China that he is a"Tariff man" who would not hesitate to slap tariffs on people or countries who he claims want to raid the wealth of the U.S.

“But if not remember I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN,” he said.

Trump added that if a fair deal is able to be made with China he would be happy to sign it.

“But if a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the negotiations begin. MAKE AMERICA GREAT AGAIN!", he said.

Trump Says He is 'Tariff Man,' China Talks to end in 90 Days 'Unless Extended'
 

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Cheg Uev
Cheg Uev Dec 04, 2018 3:15PM ET
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China makes multi decades plans and projects. Trump is possibly a one term president. His barking will be forgotten while the China caravan moves forward.... besides, If a bully fights many at a time, eventually gets beaten.
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Pramod Pillai
SaintCrude Dec 04, 2018 2:50PM ET
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This man is all over the world with an axe, other than doing good for America or the Americans. Let it be Iran, or Saudi or China or even Mexico... The next govmnt is going to have a tough time undoing Trump's wrongs.
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3 1
Kesterij jesus
Kesterij jesus Dec 04, 2018 2:30PM ET
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Does anyone know it will be the same!. China pay the tariff let say 100 billion and China will go up the prices for goods and gadgets. company's will order some China product because way cheaper than original or brand item not everyone are rich or have money to pay for. Yes it won't affect today but in the future it will! and regular people will sacrifice or affected for that cost coz no matter what happens people will look for cheaper price and spent the money that they really need it for.
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Sonny Paine
Sonny Paine Dec 04, 2018 2:00PM ET
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Trump is doing enough on his own to ruin the wealth of this country. If people think this is bad, wait til they do their taxes, lol! Middle class tax cut?! What middle class tax cut?! Even if you see it, tariffs and higher gas prices will eat away at that and then some.
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Sonny Paine
Sonny Paine Dec 04, 2018 2:00PM ET
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Not mention stock price erosion.
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Leroy Jenkins
Leroy Jenkins Dec 04, 2018 1:19PM ET
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Chinese quality is ******** a water sprinkler and a metal garden rocker, and a swingline stapler my grandma saved from when she bought her first home after pappy got back from WW2 in 1944 still work perfectly, in the same time I have gone through many of the same items made in china...all junk.
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1 3
Sonny Paine
Sonny Paine Dec 04, 2018 1:19PM ET
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It's called planned obsolescence. It's a capitalist tool actually, to generate more frequent sales. Besides, doesn't matter who makes it; if you want quality you have to pay for it. Best TVs and worst TVs come from China, just like everything else.
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Job Johnny
Job Johnny Dec 04, 2018 1:06PM ET
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I wonder if they'll let us write off tariffs for this tax year.
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Guy Israeli
Guy Israeli Dec 04, 2018 10:47AM ET
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Both sides want to end this. A truce is a sign of good faith
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Alberto Maugeri
Alberto Maugeri Dec 04, 2018 10:47AM ET
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Yes i think it will be closed within the end of new year just because economy in china will collapse otherwise
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Ahmad Karimi
Ahmad Karimi Dec 04, 2018 10:47AM ET
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trump build his house on spider house
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Ahmad Karimi
Ahmad Karimi Dec 04, 2018 10:47AM ET
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no, china will become top economy power and America near to collapse its economic sovereign .
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John Tierney
John Tierney Dec 04, 2018 10:47AM ET
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US would never collapse, the monetary system is built around it
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Ayokunle Olatunbosun
Ayokunle Olatunbosun Dec 04, 2018 10:46AM ET
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Argh!! bunkers!!!
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