It looks like president trump will be meeting with China’s president Xi next month.
The president has been ramping up his trade war with china, and on Friday, the administration decided to raise tariffs on $200 billion worth of Chinese imports.
In turn, the Chinese are vowing to take necessary countermeasures, saying tariffs must go before a deal can be reached.
Trump’s top economic adviser says even though the two leaders will likely meet in June, the U.S. is taking a ‘wait and see’ approach.
There is some optimism coming from the president, however.
On Friday he took to Twitter saying tariffs will make the country quote “much stronger” adding, “Just sit back and watch.”
Meanwhile, China is expected to respond to the tariffs by issuing measures of their own.
That could include tariffs or even halting the import of certain American goods, which it has done before.
But so far, it’s unknown how exactly the country will react.
That leaves businesses like the Brooklyn Bicycle company in limbo.
They were already affected by tariff hikes in September, and now, they could see prices go up even more.
Something the company’s owner says would be bad, not only for his business, but for the customer.