Trump on China trade dispute: 'We always win'

Markets Right Now Stocks sink as trade war escalates

Markets Right Now Stocks sink as trade war escalates

Beijing is determined to win the trade war with the United States though it does not want the economic conflict to grow in intensity, China's Foreign Ministry spokesman said after the two countries again exchanged tariffs on each other's imports.

"When the time is right we will make a deal with China".

Ahead of a meeting with Hungarian Prime Minister Viktor Orban Monday, President Trump said a deal with China was "95 percent there", but that the Chinese changed the terms and said the deal was off. Products also can not be considered "strategically important or related to "Made in China 2025" or other Chinese industrial programs," which the Trump administration has accused of being unfairly subsidized by the government and of incentivizing intellectual property theft.

USA officials targeted $300 billion in additional goods from Chinese goods for possible tariff hikes while Beijing vowed to "fight to the finish". A Chinese delegation was in Washington last week, and while talks broke off Friday, both sides have indicated that further talks will happen.

The U.S. Trade Representative's Office issued its target list after Beijing announced tariff hikes Monday on $60 billion of American goods in their spiraling dispute over Chinese technology ambitions and other irritants.

"Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy". "It will all happen, and much faster than people think!"

"We take in billions of dollars, it's a very positive step, I love the position we're in".

He noted that the United States purchased more products from China than China purchased from the United States, giving him an advantage.

Trump is slated to meet with Chinese President Xi Xinping in Japan next month.