Trump signals US won't back down in trade war

US Treasury Secretary Steven Mnuchin greeting Chinese Vice-Premier Liu He on Thursday outside the Office of the US Trade Representative in Washington. Both sides agreed to continue trade talks yesterday morning.
US Treasury Secretary Steven Mnuchin greeting Chinese Vice-Premier Liu He on Thursday outside the Office of the US Trade Representative in Washington. Both sides agreed to continue trade talks yesterday morning. PHOTO: BLOOMBERG

He indicates that the US can live with higher tariffs on Chinese goods, but deal still possible

President Donald Trump signalled that the United States could stomach higher tariffs on Chinese goods and would not back down in its trade war with China, even as he said that a trade deal was still possible this week.

"I'm different than a lot of people. I happen to think that tariffs for our country are very powerful," Mr Trump told reporters on Thursday afternoon, hours before higher tariffs on US$200 billion (S$273 billion) of Chinese goods took effect.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2019, with the headline 'Trump signals US won't back down in trade war'. Print Edition | Subscribe