81°F
weather icon Clear

China needs to reach a trade deal more than he does, Trump says

WASHINGTON — President Donald Trump said Wednesday that he’s under little pressure to reach a trade deal with China when he meets late this week with President Xi Jinping and is prepared to impose further tariffs on Chinese imports.

“The Chinese economy’s going down the tubes,” Trump said in an interview with Fox Business Network. “They want to make a deal more than I do.”

The president has threatened to impose tariffs on an additional $300 billion in Chinese imports — on top of the $250 billion in goods he’s already taxed — a move that would extend his import taxes to virtually everything China ships to the United States. He says the new tariffs might start at 10%. Earlier, the administration had said additional tariffs might reach 25%.

The two countries are sparring over the Trump administration’s allegations that Beijing steals technology and coerces foreign companies into handing over trade secrets. Trump and Xi are scheduled to meet at the Group of 20 leaders’ meeting Friday and Saturday in Osaka, Japan.

Ross not so harsh

Also Wednesday, Commerce Secretary Wilbur Ross struck a somewhat more conciliatory note.

“We’re not looking for a victory,” Ross said in a separate interview with Fox Business Network. “What we’re looking for is a sensible deal that addresses the legitimate issues that we have. This is not a thing where one (country) is going to be pinned to the floor and knocked out.”

A meaningful agreement, Ross said, would involve persuading Beijing to curb abusive tech policies, buy more American products, narrow the U.S. trade deficit with China (a record $381 billion last year) and, “hardest of all,” devising ways to make sure Beijing lives up to its commitments.

Another trade target?

In his interview, Trump also suggested that he may have identified a new trade adversary: Vietnam. Asked about reports that Chinese products were being diverted to Vietnam to avoid his tariffs on goods from China, Trump asserted that “Vietnam takes advantage of us even worse than China.”

Asked whether he was planning to impose tariffs on Vietnamese products, the president said his administration was “in discussions” with Vietnam

———

Darlene Superville and Deb Riechmann contributed to this story.

Don't miss the big stories. Like us on Facebook.
Politics Videos
Tomi Lahren Speaks at UNLV - VIDEO
Fox News contributor and UNLV alumna Tomi Lahren returned to campus Wednesday night for a speech, titled “Stay Triggered,” that drew an auditorium of supporters as well as a group of protesters outside. (James Schaeffer/Las Vegas Review-Journal)
Bernie Sanders released from Las Vegas hospital - VIDEO
Sen. Bernie Sanders, I-Vt., issues a statement after he was released from Desert Springs Hospital Medical Center on Friday, Oct. 4, 2019, after suffering a heart attack earlier in the week. (Bernie Sanders via Twitter)
Democratic presidential candidates speak on impeachment - VIDEO
Democratic presidential candidates attending the March for Our Lives/Giffords Gun Safety Forum in Las Vegas comment on possible impeachment proceedings. (Las Vegas Review-Journal)
Joe Biden Las Vegas Rally Highlights - Video
2020 presidential candidate, Joe Biden, came to Las Vegas to talk guns, climate change and the Ukranian-Trump scandal. Biden was interrupted by a protestor who sat amongst supporters at the rally and continued with his speech. (Angus Kelly & James Schaeffer / Las Vegas Review-Journal)
Joe Biden comments on Trump and his campaign efforts in Nevada - Video
After an impeachment inquiry was opened on Donald Trump, Joe Biden talks with Review-Journal politics reporter Rory Appleton about Trump and his campaign in Nevada. (Angus Kelly & James Schaeffer / Las Vegas Review-Journal)
Bernie Sanders Unveils Affordable Housing Plan - Video
Bernie Sanders sits down with the Las Vegas Review-Journal to talk about his new affordable housing plan he unveiled at Plumbers & Pipefitters.
Jim Marchant talks gun control and Dreamers - Video
Republican Candidate for District 4 Jim Marchant talks about gun control and immigration policies. (Las Vegas Review-Journal)
Hurricanes, Gender, and Science in the Press
Imagine if the mainstream media’s current hurricane-sized obsession with scientific accuracy applied to gender.
Cory Booker on college tuition and minimum wage
Cory Booker talks on the RJ Politics podcast about college debt, informing workers about their rights and livable wages.
Nevada Politics Today: Teacher raises - VIDEO
Jason Goudie, the chief financial officer for the Clark County School District, talks about teacher pay and raises. (Las Vegas Review-Journal)
Media's Double Standard On Incitement And Trump - Video
Over the weekend, an Elizabeth Warren-supporting socialist who opposed gun violence used a rifle to commit a mass murder in Dayton, Ohio. The media has downplayed that aspect of the tragedy.
Project Our Care Tour Kicks Off In Las Vegas
U.S. Rep. Dina Titus joined health care advocates and local residents as part of Protect Our Care’s nationwide bus tour kick off in Las Vegas on Monday, August 5, 2019. (Mat Luschek / Review-Journal)
Bernie Sanders talks about guns, response to El Paso shooting
Sen. Bernie Sanders spoke about his response and continued policy ideas about guns and gun control to the Review-Journal after a panel of other topics. (Rachel Aston/Las Vegas Review-Journal)
Pete Buttigieg On Gun Control And Climate Change - Video
Pete Buttigieg talks about his campaign for the 2020 election and how Nevada is a vision of what the future can be.
Beto O'Rourke speaks in Las Vegas
Presidential candidate Beto O'Rourke spoke to supporters at the East Las Vegas Community Center in Las Vegas, Thursday, Aug. 2, 2019. (Las Vegas Review-Journal)
THE LATEST
US envoy Sondland distances himself from Trump

Gordon Sondland’s testimony to House impeachment investigators was aimed at distancing himself from President Trump and Rudy Giuliani’s efforts to pressure Ukraine into investigating Joe Biden and his son Hunter.

Kurdish commander says Trump OK’d deal with Moscow, Damascus

The commander’s comments underscored President Trump’s willingness to see a crucial U.S. ally in the fight against the Islamic State switch allegiance to Moscow and Damascus.