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<\/p>\nPresident Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.<\/p>\n
Trump floated that possibility on Wednesday after doubling tariffs on Indian goods for buying Russian energy. Responding to a reporter\u2019s question on penalising China for the same reason, he said that \u201cmay happen.\u201d<\/p>\n
<\/p>\n
Donald Trump at the White House last week.\u00a0Bloomberg<\/p>\n
\u201cI mean, I don\u2019t know. I can\u2019t tell you yet. But I can \u2014 we did it with \u2014 we did it with India. We\u2019re doing it probably with a couple of others. One of them could be China,\u201d Trump said in the White House.<\/p>\n
Any additional levies on Chinese products would add to already high rates that sank the country\u2019s exports to the US in recent months. It\u2019s also assured to invite retaliation from Beijing, which leveraged its control of rare-earth magnets to secure a deal with the US to lower tariffs earlier this year.<\/p>\n
White House trade adviser Peter Navarro suggested such action is unlikely because higher duties may hurt the US.<\/p>\n
\u201cLet\u2019s see what happens,\u201d Navarro told reporters. \u201cWe have over 50 per cent tariffs on China. We don\u2019t want to get to a point where we hurt ourselves.\u201d<\/p>\n
China\u2019s Foreign Ministry didn\u2019t immediately reply to a request for comment.<\/p>\n
US-China ties have steadied after the two sides agreed to put sky-high tariffs on hold as they seek to negotiate an agreement.<\/p>\n
The easing tensions raised the prospect of a summit between Trump and Chinese President Xi Jinping this year, although there remains unresolved issues, including over the supply advanced AI chips.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though…\n","protected":false},"author":2,"featured_media":49468,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":{"0":"post-49467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/49467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=49467"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/49467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/49468"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=49467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=49467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=49467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}