US President Donald Trump tweeted on Sunday that Beijing broke its trade deal with Washington and vowed to take "in Tens of Billions of Dollars in Tariffs from China".
….We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture), which is a small percentage of total Tariffs received, and distribute the food to starving people in nations around the world! GREAT! #MAGA— Donald J. Trump (@realDonaldTrump) 12 мая 2019 г.
Earlier, Trump urged China not to wait for the 2020 US presidential elections and quickly strike a trade deal, stressing that a new post-election deal could be "far worse" if it has to be negotiated in a second Trump term.
The news comes on the heels of a recent decision by Trump to increase tariffs on about $200 billion worth of Chinese imports, from 10 percent to 25 percent. The president also ordered tariffs to be raised on all remaining US imports from China, valued at around $300 billion.
Earlier this week, Trump stated that the removal of sanctions would depend on the outcome of future negotiations between Washington and Beijing. He added that the latest tariffs, which went into effect on Friday, would produce "massive payments" that would go directly to the US Treasury Department.
The G20 summit in the Japanese city of Osaka is slated to take place from 28-29 June.