The head of the U.S. National Economic Council says there's a good possibility a deal can be achieved to cool down the ongoing U.S. - Sino trade war, but warns the Trump administration will consider additional tariffs if no deal is struck. Washington is however open to reaching a deal with Beijing, with White House economic adviser Larry Kudlow saying the US President is expecting this to take place over a dinner on Saturday.
"The only deal would be [that] China has to open up their country to competition from the US".
In an interview with the Wall Street Journal four days ahead of his high-stakes meeting with Chinese President Xi Jinping in Argentina, Trump said it was "highly unlikely" he would accept China's request to hold off on the increase, which is due to take effect on January 1.
"If we don't make a deal, then I'm going to put the $267bn additional on", he told the newspaper, referring to the remainder of Chinese imports which so far have not been hit with tariffs. "China summit meeting, he will invoke another $267 some odd billion in tariffs". He also complained during the campaign about China's asymmetrical trade warfare that has been estimated to cost the United States between $180 billion and $540 billion annually. "I mean, I can make it 10 per cent, and people could stand that very easily".
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Jeffries said the caucus will be "member-driven" and focus "like a laser beam" on making sure they have a successful two years. Seth Moulton, D-Mass., and Tim Ryan, D-Ohio - two of the key members who organized the anti-Pelosi letter - urged Rep.
"What I'd advise is for them to build factories in the United States and to make the product here", Trump said "And they have a lot of other alternatives".
Trump is also inked in to meet separately with Russia's Vladimir Putin and the leaders of Argentina, Germany, India, Japan, South Korea and Turkey, White House officials said.
On Monday, the president said the USA did not approve of escalating violence between Russian Federation and Ukraine, but didn't specifically call out Russia's behavior.
When asked whether Trump would meet with the embattled Saudi Crown Prince Mohammed Bin Salman, Bolton responded that Trump's schedule is "full to overflowing at this point".
Lighthizer said the president had directed him to "examine all available tools to equalize the tariffs applied to automobiles".