Trump says no rush on China deal as trade war escalates
President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators began a second day of last-ditch talks to try to salvage an agreement.
The United States early on Friday increased its tariffs on $200 billion in Chinese goods to 25% from 10%, rattling financial markets already worried the 10-month trade war between the world's two largest economies could spiral out of control.
The move, which is expected to lead to Chinese retaliation, went into effect just hours before U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He started a second day of talks in Washington.
Liu was seen leaving the U.S. trade representative's office near midday and it was not immediately clear if that signaled an end to the current round of negotiations.
In a series of morning tweets, Trump defended the tariff hike and said he was in "absolutely no rush" to finalize a deal, adding that the U.S. economy would gain more from the levies than any agreement.
https://www.msn.com/en-us/money/markets/trump-says-no-rush-on-china-deal-as-trade-war-escalates/ar-AABaB8d?li=BBnb7Kz
The guy is a blithering idiot. 
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