WASHINGTON (REUTERS) - United States (US) President Donald Trump on Monday (July 15) seized on slowing economic growth in China as evidence that US tariffs were having 'a major effect' and warned that Washington could pile on more pressure as US-China trade talks sputtered along.. Read more at straitstimes.com.
WASHINGTON - United States President Donald Trump on Monday seized on slowing economic growth in China as evidence that US tariffs were having"a major effect" and warned that Washington could pile on more pressure as US-China trade talks sputtered along.
Trump and Chinese President Xi Jinping last month agreed to another truce in the year-long trade spat between the world's two largest economies. That agreement, announced after the leaders of the world's two largest economies met in Osaka, Japan, was aimed at kickstarting stalled negotiations, but no deadline has been set for the process to conclude.
Adding to mounting pressure on China, Trump will sign an order on Monday seeking to increase the US domestic content threshold for iron and steel in federal procurements, White House trade adviser Peter Navarro said on Fox News.
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