Trump says he could impose more China tariffs if he wants

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The U.S. economy is the envy of leaders across the world, according to President Trump.

China said Wednesday that further levies would complicate the negotiations. "Hopefully they will start soon!" he said on Twitter.

According to Politico, Trump also explained during a recent White House event that Washington has been losing an estimated eight-hundred billion US dollars a year to China.

China has also bristled at the USA expanding relations with Taiwan, and they retaliated by ordering military drills near the island country and threatening more sanctions against us companies. The unemployment rate - at 3.7 percent - hovering near multi-decade lows.

China's economic growth was "not bad", said ministry spokesman Geng Shuang in comments made at a daily news briefing in Beijing.

"These Tariffs are paid for by China devaluing & pumping, not by the US taxpayer!" he claimed.

Official data on Monday showed China's economic growth cooled to 6.2 per cent in the second quarter, its weakest pace in at least 27 years. Exports of cattle hides and pork have also dropped since the G20 summit.

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U.S. Treasury Secretary Steven Mnuchin later said he and U.S. Trade Representative Robert Lighthizer would speak with their Chinese counterparts by phone again this week as part of the recently resumed trade talks.

President Donald Trump and his Chinese counterpart last month agreed to resume trade talks after discussions collapsed in early May when the American side accused Beijing of reneging on key commitments. The U.S. president said he'd hold off on a threat to impose tariffs on an additional $300 billion in Chinese imports, and that Xi had agreed to buy large amounts of U.S. farm goods in exchange. "In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come", he continued in a second tweet. Trump bragged about companies leaving China because of his tariffs on Monday.

Meanwhile, a World Trade Organization appeals ruling filed by China seven years ago could pave the way for Beijing to impose sanctions against Washington's tariffs.

"I think China has been hurt ..."

Trump referenced the data in a Monday tweet, adding that US tariffs were having a "major effect" on companies wanting to move production from China to other countries not subject to tariffs.

The U.S. wants Beijing to implement structural reforms to its economy - including leveling the playing field for all companies and altering its treatment of intellectual property.

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