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8/23/19

US Trade War with China: Trump says he's poised to escalate China trade war within hours - by Joshua Gallu

President Donald Trump signaled he may escalate the trade war with China in the coming hours after the country’s latest round of tariffs, firing off a new demand that U.S. companies seek alternatives to producing goods in China.

“I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States,” Trump tweeted Friday, after China threatened to impose additional tariffs on $75 billion of American goods, including soybeans, cars and oil.

A meeting on trade was taking place at midday in the Oval Office at the White House, according to people familiar with the discussions. Trump is scheduled to leave late Friday for the G-7 summit in France, where trade tensions and their impact on the global economy are at the top of the agenda.

Read more: Trump says he's poised to escalate China trade war within hours

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