US where 'we want to be with China': Trump

President Donald Trump is defending hiking tariffs on $US200 billion of Chinese goods, saying the United States is "right where we want to be with China".

Trump Military Mothers

US President Donald Trump is defending hiking tariffs on $US200 billion of Chinese goods. (AAP)

President Donald Trump has declared the United States is "right where we want to be with China", adding that Beijing "broke the deal with us" and then sought to renegotiate.

"We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries," Trump posted on Twitter on Sunday.

"We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture), which is a small percentage of total Tariffs received, and distribute the food to starving people in nations around the world!"

The trade war between the world's top two economies escalated on Friday, with the US hiking tariffs on $US200 billion ($A286 billion) worth of Chinese goods.

Trump has insisted that China has picked up the tab for his tariff campaign, not American consumers.

But prices are up on a host of products as diverse as bicycles, sewing machines and pet supplies, and government data shows US consumers have already had to pay more since the first round of tariffs kicked in last year.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world