President Trump and his administration have been focusing on a deal that will open up the Chinese market to American companies while also protecting intellectual property. A deal has yet to be reached on these key issues.
President Trump on Friday touted his administration’s controversial move to increase tariffs on $200 billion in Chinese goods after trade talks between Washington and Beijing failed to come to an agreement, while saying the Obama administration let China "get away with 'murder.'"
Despite the new tariffs, trade negotiations will continue Friday morning, according to the White House.
Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S....— Donald J. Trump (@realDonaldTrump) May 10, 2019
Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with “murder!”— Donald J. Trump (@realDonaldTrump) May 10, 2019
Trump’s tweets Friday morning come after the Treasury Department late Thursday moved ahead with increased tariffs on $200 billion of Chinese goods. The new tariffs raised the import taxes of those goods from 10 percent to 25 percent at 12:01 a.m. Friday.
“This evening, Ambassador Lightizer and Secretary Mnuchin met with President Trump to discuss the ongoing trade negotiations with China," White House deputy press secretary Judd Deere said in a statement. “The Ambassador and Secretary then had a working dinner with Vice Premier Liu He, and agreed to continue discussions tomorrow morning at USTR." USTR refers to the office of U.S. Trade Representative Robert Lighthizer.