President Trump said Monday that he didn’t expect much from trade talks with China this week, indicating that the administration does not expect the ongoing tariff wars between the two countries to be resolved anytime soon.
[Related: ‘Point of no return’ draws closer in U.S.-China trade standoff]
White House officials are set to meet with a delegation from Beijing in D.C. on Wednesday and Thursday in an attempt to restart trade negotiations between the two countries, but on Monday Trump threw cold water on the possibility of any immediate breakthrough, telling Reuters there was “no time frame” for resolving the dispute.
“I’m like them, I have a long horizon,” Trump said.
The president’s comments came the same day that administration officials opened formal public hearings on its plans to add 25 percent tariffs to $200 billion in Chinese products. These tariffs would be in addition to 25 percent tariffs on $34 billion in Chinese products already enacted and 25 percent tariffs on imported steel and 10 percent tariffs on imported aluminum, both of which administration officials have said are mainly directed at China.
