Trump says ‘long way to go’ on China tariffs as he heads to G-20 summit
As he departs Thursday for a showdown with China’s president on trade, President Trump said he’s willing to keep charging tariffs on Chinese products.
“Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go,” Mr. Trump tweeted. “If companies don’t want to pay Tariffs, build in the U.S.A. Otherwise, let’s just make our Country richer than ever before!”
The president criticized General Motors this week for announcing layoffs at factories in the U.S., saying the automaker should have closed plants in China or Mexico instead.
Mr. Trump is scheduled to have a working dinner with Chinese President Xi Jinping Saturday night at the Group of 20 nations summit in Buenos Aires, Argentina. The three-day summit also could include a meeting with Russian President Vladimir Putin.
The U.S. is poised to increase tariffs on a range of Chinese goods from 10 percent to 25 percent on Jan. 1, and Beijing likely to retaliate.