China threatens retaliation as Trump touts chances of a trade deal
The U.S. and China sent conflicting signals over trade, with President Donald Trump expressing optimism about the prospect of a deal and Beijing warning that it will retaliate if the U.S. follows through on a threat to hike tariffs.
Trump said Wednesday that China indicated it hopes to “make a deal” when senior Chinese officials visit Washington for negotiations Thursday and Friday. The U.S. has said it will to raise tariffs on $200 billion of Chinese goods to 25 percent from 10 percent on Friday at 12:01 a.m. New York-time.
“We have gotten an indication they want to make a deal, our teams are meeting with their team tomorrow, we will see what happens," White House press secretary Sarah Huckabee Sanders told reporters after the president commented in a series of tweets.
U.S. stocks climbed on the comments from the White House. But only hours after Trump’s tweets, China’s Commerce Ministry warned that the government will “have to adopt necessary countermeasures” if the U.S. implements its plan to raise duties. The S&P 500 Index traded little changed as of 12:08 p.m. in New York.
https://www.msn.com/en-us/money/markets/china-threatens-retaliation-as-trump-touts-chances-of-a-trade-deal/ar-AAB5bUl?li=BBnbfcN
Sounds like Trump and company are busy sniffing each other's farts.
