06 May Trump Threatens New China Tariffs
Posted at 14:01h in FDRA, Home, Latest News
President Donald Trump threatened to impose further tariffs to punish China for its handling of the coronavirus pandemic.
“We signed a trade deal where they’re supposed to buy, and they’ve been buying a lot, actually. But that now becomes secondary to what took place with the virus,” Trump told reporters. “The virus situation is just not acceptable.”
The Washington Post reported the administration was exploring retaliatory options, including canceling some of the U.S. debt obligations to China. Economic officials quickly denied that plan and when asked about it, Trump offered tariffs as an alternative.