SHANGHAI: US President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars’ worth of new tariffs ready to go if a deal isn’t possible.
“I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told FOX News Channel’s “The Ingraham Angle” on Monday.
Trump said in the interview he would like to make a deal now, but that China was not ready. He did not elaborate.
Bloomberg news reported on Monday that Washington was preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Trump and his counterpart Xi Jinping fail to ease the trade war.
The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods.
“And I have $267 billion waiting to go if we can’t make a deal,” Trump said.
Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet US demands for sweeping changes to Chinese trade, technology transfer and industrial subsidy policies.
Trump says he expects ‘great deal’ with China, but more tariffs if not
Trump says he expects ‘great deal’ with China, but more tariffs if not
- The United States has already imposed tariffs on $250 billion worth of Chinese goods
- China has responded with retaliatory duties on $110 billion worth of US goods
QatarEnergy announces force majeure following Iran attacks: statement
DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.
“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.
QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.
Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.
The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.
On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.
Qatar shares the world’s largest natural gas reservoir with Iran.
QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.
In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.
