Tariffs and Trade
President Donald Trump says he's prepared to impose more tariffs on Chinese imports.
At the White House he says that the new tariffs would be a response to Beijing's announcement that it's retaliating against the Trump administration's imposition of a 10 percent tax on $200 billion of Chinese imports, to begin today (Monday 9/24).
If Trump ultimately enforces another round of tariffs against China, practically every Chinese good imported to the United States would be hit by higher tariffs.
Meanwhile - the president says the U-S needs to take steps to reduce the imbalance in trade with more than just China.
"We love Canada, we love the people of Canada, but they are in a position that's not a good trade position for Canada," he added. Trump also reiterated that the U.S. and Mexico had reached a tentative trade deal, which seemingly kicked NAFTA talks into overdrive."
Canada's Foreign Affairs Minister Chrystia Freeland has been back and forth to Washington in recent weeks trying to bring home a deal.
Freeland insisted that the environment around negotiations is one of "good will and good faith," but that Canada is fully prepared to walk away from NAFTA if a deal satisfactory to all parties cannot be reached.