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U.S. Commerce Secretary says deal or tariffs to solve China trade dispute

Published 01/05/2018, 15:48
Updated 01/05/2018, 15:50
© Reuters. FILE PHOTO: U.S. President Donald Trump and Germany's Chancellor Angela Merkel hold a joint news conference at the White House in Washington

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Tuesday that the Trump administration was prepared to levy tariffs on China if a delegation heading to Beijing did not make a negotiated settlement to reduce trade imbalances.

© Reuters. FILE PHOTO: U.S. President Donald Trump and Germany's Chancellor Angela Merkel hold a joint news conference at the White House in Washington

"If we don't make a negotiated settlement, we will pursue the 232 ... we will pursue the 301 ... one way or another, we are going to deal with this recurring problem of trade with China," Ross said in an interview with CNBC.

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