Trump threatens iPhone tariff, could block China trade deal

Washington (CNN Business)President Donald Trump appears to be shutting the door on a temporary ceasefire in an ongoing tit-for-tat trade war with China just days ahead of an upcoming summit in Argentina.

The President told the Wall Street Journal in an interview published Monday that it was “highly unlikely” he would accept an offer by Chinese leader Xi Jinping aimed at averting Trump’s plan to raise tariffs on more than $200 billion of Chinese goods to 25% in January.
He also warned once again he was poised to slap a third round of tariffs on Chinese goods if the two leaders fail to broker an end to the trade rift when they meet later this week in Buenos Aires, Argentina, on the sidelines of the G20 summit.

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