Trump warns China will face a 'far worse' trade deal if they don't act soon
President Trump on Saturday challenged China over Twitter to 'act now' or face a 'far worse' trade deal during his second term in the Oval Office.
Trump wrote that he thinks Beijing is considering waiting to continue negotiations until a new, Democratic president replaces Trump in the hopes that his successor will offer more concessions. But Trump warned that he will win a second term and if Beijing continues to stall talks, he will, in turn, increase pressure. Trump added that he loves "collecting big tariffs" from China.
The tweets come just one day after Trump said the two sides had had "constructive" talks and negotiations would continue. Treasury Secretary Steven Mnuchin said no further talks are planned as of now, though Chinese state media has reported they will take place in Beijing, CNBC reports.
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