UPDATE 1-Trump says he expects to raise China tariffs -Wall Street Journal
In an interview with the Wall Street Journal, Trump said it was "highly unlikely" he would accept China's request to hold off on the increase, which is due to take effect on Jan. 1.
"The only deal would be China has to open up their country to competition from the United States," Trump told the Journal. "As far as other countries are concerned, that’s up to them."
Trump, who is due to meet with Chinese President Xi Jinping at the G20 summit in Buenos Aires this week, said that if negotiations were unsuccessful, he would also put tariffs on the rest of Chinese imports.
He said the tariffs could also be placed on laptops and Apple Inc's iPhones imported from China, and that any potential backlash from U.S. consumers could be tempered if the tariff rate was just 10 percent, according to the newspaper.
"Maybe. Maybe. Depends on what the rate is," Trump said, referring to the possibility of tariffs on mobile phones and laptops, according to the Journal. "I mean, I can make it 10 percent, and people could stand that very easily."
Shares in Apple Inc fell in after-hours trading after the interview was published. (Reporting by Eric Beech; Editing by Tim Ahmann and Peter Cooney)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)