Trump threatens Chinese President Xi Jinping, approving several tariffs if he does not meet with him in the G20:

  • US President Donald Trump assured Monday that China will "have" a deal with the US.
  • However, it reiterated its threats to raise tariffs on Chinese imports if the country's president, Xi Jinping, does not attend the G20 summit to be held in late June, where it is expected that both leaders they will meet
  • Trump raised Chinese import tariffs worth $ 200 billion last month and threatened to apply them to all Chinese products.

US President Donald Trump said Monday that China will be forced to reach a trade agreement with his country but has intensified its threats to impose very high tariffs for all Chinese products if negotiations fail.

China "will reach an agreement because it will have to reach an agreement," Trump told CNBC.

Trump threatens new sanctions against Chinese President Xi Jinping

"They want to reach an agreement even more than I do," added the president.

Trump said he will continue with his plans to impose new tariffs on another $ 300,000 million ($ 265,000 million) China product line, if Chinese President Xi Jinping does not participate at the G20 summit that will take place at the end of June and where both leaders are expected to meet. China has not confirmed Xi's plans.

Trump indicated that the escalation of tariffs would take place "immediately."

Trump raised China's $ 200,000 million ($ 177,000 million) import tariffs in China in the last month after Washington accused Beijing of backing trade commitments made in the 11 rounds of negotiations, a decision that surprised companies and officials of both countries.

The phone call from Trump CNBC apparently took place after Myron Brilliant, head of international affairs at the Chamber of Commerce, warned that the further escalation of the trade war could have major consequences for the two largest economies in the world.

"It does not protect our country," said Trump of Brilliant. "Protects all companies that are members (of its organization)".

Genial has assured that "tariff rigging" will harm Americans with greater uncertainty and costs. While Trump says Chinese exporters face prices for their products, the evidence suggests that the costs borne by businesses and consumers in the country.