‘Fantastic Deal or 155% Tariffs‘: Trump Sets Tone Ahead of Xi Trade Talks
As U.S. President Donald Trump and Chinese President Xi Jinping prepare for a crucial meeting at the G20 summit in Osaka, tensions are escalating. Trump has issued a stark ultimatum: the talks could yield a “fantastic deal” or trigger 155% tariffs on key Chinese imports. The warning sets the stage for high-stakes negotiations that could reshape global trade.
Why This Meeting Matters
The Trump-Xi meeting comes amid the worst U.S.-China trade war in decades, with both sides imposing billions in tariffs since 2018. The U.S. has already hit $250 billion worth of Chinese goods with 25% tariffs, while China retaliated with levies on American soybeans, automobiles, and more.
Trump’s latest threat—155% tariffs on Chinese steel and aluminum—would be one of the highest rates in U.S. history, potentially devastating China’s export sector.
Key U.S. Demands
The White House insists on:
1. Ending forced tech transfers and intellectual property theft.
2. Reducing the $375B trade deficit.
3. Strong enforcement to ensure China complies.
Beijing, however, rejects what it calls “unfair” terms and demands equal negotiations.
Will There Be a Deal?
Despite tough rhetoric, both sides may seek compromise:
– China could allow more U.S. farm imports.
– Trump may push for a short-term deal before the 2020 election.
But after past talks collapsed, markets remain wary. A failure could:
– Slow global GDP growth by 0.5% (IMF warning).
– Disrupt tech and manufacturing supply chains.
– Hurt farmers and businesses on both sides of the Pacific.
What Happens Next?
With Trump and Xi under pressure—U.S. farmers demand relief, China’s economy slows—the Osaka meeting could be decisive.
Two possible outcomes:
✅ A “fantastic deal” eases trade tensions.
❌ No deal = 155% tariffs, more economic chaos.
Stay with NextMinuteNews for real-time updates.
— Reporting by [Your Name], Senior Trade Correspondent
