Trump reiterated his threat to further escalate trade war with China again as the told reporters today. He said “Our talks with China, a lot of interesting things are happening. We’ll see what happens… I could go up another at least $300 billion and I’ll do that at the right time. But he added that “China wants to make a deal” and “Mexico wants to make a deal badly.”
On the other hand, China’s Commerce Ministry blamed Trump’s use of “ultimate pressure” has caused serious setbacks to trade negotiations. The ball is in the US court as future direction of talks would depend on Washington. MOFCOM also said China will have to adopt the necessary countermeasures if the United States decides to unilaterally escalate trade tensions.
