By Robert Schroeder, MarketWatch
President Donald Trump on Tuesday threatened China with higher tariffs ahead of a key deadline, and praised Republicans for their handling of the open impeachment hearings.
‘EVEN HIGHER’ TARIFFS
With investors’ doubts about a China trade deal weighing on stocks /zigman2/quotes/210599714/realtime SPX +1.50% , Trump said that “if we don’t make a deal with China, I’ll just raise the tariffs even higher.”
Trump’s remarks came during a Cabinet meeting, as the clock ticked toward the imposition of 15% tariffs on consumer goods from China beginning Dec. 15. The president also accused House Speaker Nancy Pelosi of holding up the U.S.-Mexico-Canada Agreement as impeachment proceedings against him go on.
“I think the woman is grossly incompetent. All she has to do is put it up for a vote,” he said about the pact to replace the North American Free Trade Agreement. Last week, Pelosi suggested a deal with the Trump administration was coming soon.
GOP ‘KILLING IT’
As Republicans questioned a pair of witnesses in an open impeachment hearing, Trump praised GOP lawmakers by saying they were “absolutely killing it.”
“What’s going on is a disgrace, and it’s an embarrassment to our nation,” said Trump, who denies any wrongdoing in his dealings with Ukraine.
Trump retweeted critical comments about one of the witnesses, Lt. Col. Alexander Vindman, a Ukraine expert at the National Security Council, as he testified. Trump also tweeted a video blasting the probe.