In less than two weeks, President Donald Trump must decide whether to slap tariffs on $156 billion in consumer goods made in China – including toys, phones, laptops and clothes, right before the holidays – or move the goalpost yet again in lieu of the comprehensive trade deal he's been seeking.
"If enough substantive progress had been made, he might" be willing to delay, Commerce Secretary Wilbur Ross told CNBC this week. Treasury Secretary Steven Mnuchin said Thursday the two sides were still "on track," for a deal and still talking, but he did not say whether the tariffs would be shelved.
"Most people around President Trump are telling him that's a big risk," Myrow, a former Treasury official, tells CNBC. "Throwing everything on right now would be a pretty big political miscalculation." Since the October truce, information about the state of talks has been nearly impossible to glean. US readouts of principal-level calls stopped in early November, leaving interested parties to rely on information funneled to Chinese state media.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fox hosts rally to defend Trump after president mocked at NATO: 'They're mad because Trump dominated'Fox News hosts quickly came to the defense of 'dominant' President Donald Trump after a video emerged of world leaders apparently mocking the president at a NATO reception.
Read more »
Trump trademark applications spiked around the world when he started running for presidentClose to 200 trademark applications were filed since 2015, the year Trump announced his candidacy for the White House.
Read more »
Impeachment timeline: What comes next in the impeachment inquiry against President Trump?MSNBC's Garrett Haake predicts the speed at which the House of Representative will prepare articles of impeachment against President Donald Trump, and details when the next hearings and potential Senate trial may take place.
Read more »
The House is Drafting Articles of Impeachment Against President Trump'His wrongdoing strikes at the very heart of our constitution,' Nancy Pelosi explained. 'Our democracy is what is at stake. The president leaves us no choice but to act because he is trying to corrupt, once again, the election for his own benefit.'
Read more »
Trump calls Trudeau 'two-faced' after world leaders appear to joke about US PresidentPresident Trump called Justin Trudeau 'two-faced' after Canada's PM was caught on camera appearing to joke about Trump with other world leaders at an event Tuesday night. 'He's two-faced,' Trump said, adding, 'honestly with Trudeau, he's a nice guy.'
Read more »