President Donald Trump said there could be a point where he did not want to put higher prices on China because this decision could dissuade the purchase.
Addressing journalists at the oval office on Trump said on Thursday that he could not increase prices if China goes beyond the 125% obligation on American products.
“At a certain point, I don’t want them to go above because at a certain time, you do it where people do not buy,” said Trump when a journalist asked what was going on if China raises prices in the United States.
“I may not want to go higher, or maybe I don’t even want to go to this level-I may like to go less, because you want people to buy, and at some point, people will not buy,” he added.
Earlier Thursday, the Chinese Foreign Ministry said This would not pay attention to Trump’s “price game” after the White House said that Chinese exports are faced with a tax up to 245%. Last week, Beijing called the climbing of American prices a “joke” and said they no longer held “no economic significance”.
China is the third buyer of American products, behind Canada and Mexico. According to US government figures, China bought $ 143.5 billion in American products last year.
In addition to prices, China and the United States have imposed various punitive measures against each other in the climbing of the trade war. China has slowed down the importation of Hollywood films, and earlier this week Bloomberg reported that Beijing asked its airlines to stop taking Boeing deliveries. The United States has declared that companies selling H20 fleas in China will need a license, said a move from analysts is essentially a ban when exporting these chips.
Trump added on Thursday that he and Chinese chief Xi Jinping have a “very good relationship” and said that Xi had contacted him “several times”.
President Thursday Also commented Tiktok, whose fate in the United States is not clear.
“We have an agreement for Tiktok, but it will be subject to China, so we will delay the agreement until this thing works in one way or another,” said Trump, answering a question of whether he would consider reducing the prices to conclude a Tiktok agreement.
Tiktok’s mother company Facing a summer deadline To disintegrate its American operations or deal with the abolition of American application stores. Trump has repelled the deadline twice.
Among the parties that have expressed their interest in acquiring American Tiktok operations are Amazon, Oracle, co -founder of Reddit Alexis Ohanianand the Youtuber MRBEAST.
“If we conclude an agreement, I suppose that we will spend five minutes to talk about Tiktok, it would not take very long,” said Trump.
businessinsider
