Trump said yesterday that he and Chinese President Xi are “scheduled to have a meeting” at the G20 summit in Osaka. He added, “We’re expected to meet and if we do that’s fine, and if we don’t — look, from our standpoint the best deal we can have is 25% on $600 billion.”
And, “if we don’t have a deal and don’t make a deal, we’ll be raising the tariffs, putting tariffs on more than — we only tax 35% to 40% of what they said then they had another 60% that’ll be taxed.”
He repeated, “China is going to make a deal because they’re going to have to make a deal”. Also, “at the same time it could be very well that we do something with respect to Huawei as part of our trade negotiation with China. China very much wants to make a deal. They want to make a deal much more than I do, but we’ll see what happens.”
