Trump urges U.S. companies to leave China after Beijing sets new tariffs

U.S. President Donald Trump speaks in the Oval Office of the White House on Aug. 22, 2019.
MANDEL NGAN/AFP/Getty Images

President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.

Trump, who has accused China of unfair trade practices and pushed for a deal that would rebalance the relationship in favor of U.S. manufacturers and workers, said on Twitter he will issue a response to Beijing’s latest tariff plan on Friday afternoon.

The president was meeting with his trade team at midday, a senior White House official told Reuters.

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