• SENSEX
    NIFTY 50
Economy

Trump defends tariff strategy, China says 'not afraid' of trade war

Updated : June 12, 2019 06:53 AM IST

The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from Beijing. But tensions between Washington and Beijing rose sharply in May after the Trump administration accused China of reneging on promises to make structural economic changes during months of trade talks.
On Monday, the Republican president said he would raise tariffs on Chinese imports further if he cannot make progress in trade talks with Chinese President Xi Jinping at the G20 summit later this month.
Last week, Trump said he would decide after G20, the meeting of the leaders of the world's largest economies, whether to carry out a threat to impose tariffs on an additional $300 billion in Chinese goods.
Trump defends tariff strategy, China says 'not afraid' of trade war

You May Also Like

Live TV
Advertisement