Trump: No rush for trade deal after US hikes tariffs

World News

May 10, 2019 - 4:37 PM

Chinese Vice Premier Liu He GETTY IMAGES/ADREW CABALLERO-REYNOLDS/AFP/TNS

WASHINGTON (AP) — President Donald Trump said Friday there was “no need to rush” to get a trade deal with China, hours after he raised tariffs on $200 billion in Chinese goods, escalating a battle over China’s technology ambitions.

U.S. and Chinese negotiators met briefly Friday in an effort to revive negotiations even as the Trump administration increased duties on nearly half of Chinese imports to 25% from 10%. China’s Commerce Ministry said it would impose “necessary countermeasures” but gave no details.

The increase went ahead even after American and Chinese negotiators began more talks in Washington on Thursday aimed at ending a dispute that has disrupted billions of dollars in trade and shaken global financial markets. After a short session on Friday, the lead Chinese negotiator, Vice Premier Liu He, left the Office of the U.S. Trade Representative about midday, though it was not immediately clear whether talks had ended. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands with Liu as he left.

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