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Trump sticks with plans to raise tariffs by new year

It is "highly unlikely" that the US will abandon its plans to levy significantly higher tariffs on Chinese goods by the turn of the year, says US President Donald Trump only a few days ahead of a summit meeting with Chinese President Xi Jinping.

Photo: Ritzau Scanpix/AP Polfoto/Evan Vucci

It is "very unlikely" that US President Donald Trump will abandon his plans to levy further tariffs on Chinese goods from the new year, says Trump in an interview with The Wall Street Journal only a few days up to Friday's summit meeting with Chinese President Xi Jinping.

"If we don't make a deal, then I'm going to put the USD 267 billion additional on [top of current levels, -ed.]," Trump tells the US media , referencing the current level of 10 percent on certain trade goods at a value of USD 200 billion.

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