6/10, 3:09 PM (Source: TeleTrader)
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Trump: More China tariffs if Xi does not attend G20

United States President Donald Trump told CNBC on Monday that more tariffs on China would go into effect "immediately" if Chinese leader Xi Jinping does not attend the G20 summit in Japan later this month.

Trump first confirmed that additional tariffs on Chinese goods would be implemented if Xi were to miss out on the summit at the end of June. When asked if that meant that the new tariffs would take effect immediately, he replied that it did.

US Treasury Secretary Steven Mnuchin previously said that Trump and Xi are expected to meet by the end of the month. He also stated on Sunday that Trump will make a decision on whether to introduce further tariffs against China after their meeting.

Breaking the News / DZ