Trump adviser says U.S. president ready to escalate trade war if no deal agreed soon: SCMP

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Sep 19, 2019 #Americas, #Asia / Pacific, #Banking and Investment Services (TRBC), #Banking Services (TRBC), #China, #China (PRC), #Company News, #Content produced in Bangalore, #General News, #Government / Politics, #International Agencies / Treaty Groups, #International Trade, #regulation, #Regulatory Corporate News Announcements, #Subsidies, #tariffs, #Technology (TRBC), #Technology / Media / Telecoms, #TRADE, #united states, #US, #US Government News, #usa

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(Reuters) – A trade adviser to Donald Trump has said the U.S. president is ready to escalate the ongoing trade war with China if a trade deal is not agreed soon, the South China Morning Post reported on Thursday.

“Does the president have options to escalate the trade war? Yes, the tariffs can be raised higher. These are low level tariffs that could go to 50 percent or 100 percent,” Michael Pillsbury, an outside trade adviser to Trump, said in an interview cited by SCMP bit.ly/2NoNmff.

Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese

Our Standards:The Thomson Reuters Trust Principles.

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