White House Corrects Kudlow on China Trade Truce Start Date

Marco Green
December 4, 2018

Trump and Xi made the truce over dinner.

Following a meeting between Trump and China President Xi Jinping in Argentina, Trump took to Twitter to announce that China has "agreed to reduce and remove tariffs" on cars imported from U.S. factories.

White House officials have already begun backpedaling on President Trump's claim of an agreement with China to drop tariffs on United States cars entering the world's largest automotive market.

However, Trump held out the possibility of an extension.

While Mnuchin said the president reserves the right to escalate tariffs should negotiations not pan out as planned, he cast the weekend's talks as a breakthrough in the administration's efforts to check China and said the discussion included everything from purchasing more USA goods to intellectual property, to currency manipulation.

"There was a significant commitment from both leaders on what needs to be done over the 90 days and instructions to both teams to negotiate and turn this into a real agreement with specific action items, deliverables and time frames", Mnuchin said.

Trump had previously set a January 1 deadline for an increase in tariffs from 10% to 25% on $200 billion in Chinese goods. "I am a Tariff Man", Trump wrote on Twitter.

US Trade Representative Robert Lighthizer will lead the talks to see "whether or not a REAL deal with China is actually possible", Trump tweeted on Tuesday.

"China is supposed to start buying Agricultural product and more immediately", Trump wrote.

American farmers have been hit hard by China's retaliation on USA farm goods, especially soybean exports, which have plummeted.

The president tweeted directly to USA farmers, some of whom have suffered as a result of Chinese counter-tariffs, to say "Farmers, I LOVE YOU!"

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so", he said.

Other reports by Click Lancashire

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