INSUBCONTINENT EXCLUSIVE:
agreement would be "far worse for them if it has to be negotiated in my second term."Washington and Beijing are locked in a trade battle
that has seen mounting tariffs, sparking fears the dispute will damage the global economy.Two days of talks ended Friday with no deal
China's top negotiator said the two sides would meet again in Beijing at an unspecified date, but warned that China would make no
concessions on "important principles.""I think that China felt they were being beaten so badly in the recent negotiation that they may as
well wait around for the next election, 2020, to see if they could get lucky have a Democrat win -- in which case they would continue to
rip-off the USA for $500 Billion a year," Trump said in a tweet Saturday."The only problem is that they know I am going to win (best economy
employment numbers in U.S
history, much more), and the deal will become far worse for them if it has to be negotiated in my second term
Would be wise for them to act now, but love collecting BIG TARIFFS!"Trump had accused Beijing of reneging on its commitments in trade talks
and ordered new punitive duties, which took effect Friday, on $200 billion worth of Chinese imports, raising them to 25 percent from 10
Trade Representative Robert Lighthizer -- from the world's second-biggest economy.Those tariffs would not take effect for months, after a
period of public comment.Trump also said Saturday that firms could easily avoid additional costs by producing goods in the United
It's very simple!" he tweeted, echoing a similar message he sent Friday -- and even retweeted.Only a week earlier, the United States and
China had seemed poised to complete a sweeping agreement.Washington wants Beijing to tighten its intellectual property protections, cut its
subsidies to state-owned firms and reduce the yawning trade deficit; China wants an end to tariffs as part of a "balanced" deal.While
supporters laud Trump as a tough negotiator, free-trade-minded Republicans have warned that the tariffs could do real damage to the economy,
the new tariffs but urged negotiators to reach a quick solution "so we can avoid prolonged tariffs, which we know have an impact on the US
economy."(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)Get the latest
election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
