Trump: China Broke The Deal

(CNBC) U.S. President Donald Trump said Wednesday that China broke the deal in the ongoing U.S.-China trade talks. Speaking at a rally in Florida the president attributed his recent threat of increased tariffs to Beijings negotiating position. By the way you see the tariffs were doing? Because they broke the deal. They broke the deal Trump said. So theyre flying in the vice premier tomorrow is flying in good man but they broke the deal. They cant do that so theyll be paying. Over the weekend Trump surprised markets by threatening in a Twitter post that he would significantly raise American levies on Chinese goods with a first increase this coming Friday and another shortly. The president said trade talks with China had been moving too slowly as Beijing tried to re-negotiate. That came as a shock to many observers since recent reports had indicated the worlds two largest economies could be set to sign an agreement as early as this week. Trump added that the United States wont back down until China stops cheating our workers and stealing our jobs. Thats whats going to happen. Otherwise we dont have to do business with them he said. We can make the product right here if we have to like we used to.