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United States (US) President Donald Trump expects to carry on and raise tariffs on US$200 billion in Chinese imports to 25% from the current 10% and is “highly unlikely” to accept China’s plea to hold off the tariff hike due on January 1.
In an interview with The Wall Street Journal on Monday, Mr Trump repeated his threat to slap tariffs on all remaining imports from China, adding that “the only deal would be (that) China has to open up their country to competition from the US”.
"If we don't make a deal, then I'm going to put the US$267 billion additional (tariffs) on," at a tariff rate of either 10% or 25%, Mr Trump told the media publication.
Mr Trump is expected to meet Chinese President Xi Jinping in the upcoming G20 summit at Bueno Aires, Argentina this weekend.