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U.S. NEWS Monday 13 May 2019

White House expects China to retaliate over trade tariffs

WASHINGTON (AP) — The tailers might be able to deal with China soon, “be-
U.S. is awaiting retaliation force some Chinese suppli- cause the longer we’re
from China over increased ers to cut their prices to off- involved in a tariff battle
tariffs, after talks in Wash- set the duties. But academ- or a trade war, the better
ington ended without a ic studies have found that chance there is that we
deal on trade, the presi- so far U.S. consumers and could actually enter into a
dent’s chief economic ad- businesses are bearing the recession because of it.”
viser said on Sunday. cost of Trump’s tariff hikes. The two countries are spar-
“The expected counter- Talks in Washington broke ring over U.S. allegations
measures have not yet ma- off on Friday without a that China steals technolo-
terialized. We may know deal, but both sides have gy and pressures American
more today or even this indicated that future talks companies into handing
evening or tomorrow,” Lar- are likely. Kudlow said noth- over trade secrets, part of
ry Kudlow told “Fox News ing has been scheduled, an aggressive campaign
Sunday.” but Chinese officials have to turn Chinese companies Treasury Secretary Steve Mnuchin, center, and United States
Kudlow also said that Presi- invited U.S. Trade Repre- into world leaders in robot- Trade Representative Robert Lighthizer, right, speak with Chinese
dent Donald Trump’s plan sentative Robert Lighthizer ics, electric cars and other Vice Premier Liu He, left, as he departs the Office of the United
to raise U.S. tariffs on Chi- and Treasury Secretary Ste- advanced industries.q States Trade Representative in Washington, Friday, May 10, 2019.
nese goods across the ven Mnuchin to visit Beijing. Associated Press
board could take months Kudlow also said that Trump
to take effect. and China’s President, Xi
“Call it a couple of months. Jingping, may meet in late
Call it three months. I don’t June at the G20 interna-
know. That will take some tional conference in Ja-
time and then of course the pan.
president’s going to have “We are right where we
to make the final decision want to be with China,”
on that,” Kudlow said. Trump tweeted on Sunday.
The United States raised “Remember, they broke
tariffs on $200 billion in Chi- the deal with us and tried
nese imports from 10% to to renegotiate.”
25% on Friday after Ameri- On Saturday, Trump tweet-
can officials accused Bei- ed that he thought that
jing of backtracking on “China felt they were being
commitments made in ear- beaten so badly in the re-
lier rounds of negotiations. cent negotiation that they
Kudlow also acknowl- may as well wait around for
edged that China doesn’t the next election, 2020, to
pay the tariffs, in contrast see if they could get lucky
to Trump, who has repeat- & have a Democrat win.”
edly tweeted that China Beijing retaliated for previ-
pays the tariffs and in do- ous tariff hikes by raising du-
ing so transfers wealth to ties on $110 billion of Ameri-
the United States. can imports. And officials
“Both sides will pay,” Kud- have targeted American
low said when pressed on companies operating in
the issue. “The Chinese will China by slowing customs
suffer (economic) losses clearance and stepping
and so forth with respect to up regulatory scrutiny.
a diminishing export mar- Sen. Rand Paul, R-Ky., told
ket.” ABC’s “This Week” on Sun-
U.S. importers pay tariff day that he advised the
charges, though large re- president to finalize a trade