President Trump defends using trade tariffs

Mexico's peso rallied against the dollar in response to news that the US had dropped threatened tariffs on imports from the country

Last week, Trump said he would decide after G20, the meeting of the leaders of the world's largest economies, whether to carry out a threat to impose tariffs on an additional $300 billion in Chinese goods.

"I think he's going, I haven't heard that he's not", the U.S. president told the channel. I think he's going.

Fitch Ratings said on Monday any such move would be disruptive to the United States technology sector and could hurt some Chinese sectors as well, though it added that it was too early to assess potential credit implications.

He said that he wants China to do well, but that "I don't want them to do as well as us".

US Commerce Secretary Wilbur Ross on Tuesday downplayed this month's summit in Japan, saying it would not be "a place where anyone makes a definitive deal".

In a wide-ranging interview with CNBC, Trump also said disputes over Chinese tech giant Huawei Technologies could be addressed as part of any USA trade deal with China.

Moore predicted a deal with China in the next three to four months and that, if it happens, President Trump will be "home free" with a soaring USA economy and stock market as a result. "If the ready to have equal consultations, our door is wide open". Beijing retaliated with tariff hikes on a revised list of $60bn in United States goods. While the stimulus appears to have succeeded in temporarily arresting the freefall, China's authoritarian government has a habit of manipulating official economic data, and experts say there are signs that recent figures have been artificially inflated as companies "front-load" exports in anticipation of new tariffs. "I think he'll go", Trump told CNBC on Monday.

"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 $600bn".

"In the end of the day Trump will win", Moore said, adding that China would love Joe Biden as President of the United States.

Trump said Brilliant is not protecting "our country" but companies who are members of the Chamber. US officials have accused Chinese technology companies such as Huawei of stealing trade secrets and threatening cybersecurity - possibly at the behest of the ruling Communist Party.

Washington last month put Huawei on a blacklist that effectively bars USA firms from selling to the company without government approval.

His overall aim, the Republican said, is to ensure that China never overtakes the United States as the world's top economy.

"China's going to make a deal because they're going to have to make a deal". Now "they'll never catch us".

"Had a Democrat gotten in., China would have caught us", he said.



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