Secretary of Commerce Wilbur Ross discusses U.S.-China trade negotiations and the industrial tariffs Trump has now imposed on Brazil and Argentina in an interview Monday morning with FBN's Stuart Varney.
"You don't have a deal on anything until you have a deal on everything," Ross said about negotiations with China. "So, they're making progress, but it's one step forward, one step backward. I do think the president is a hundred percent right; they want to make a deal. The question is, do they want to make a deal we can live with?"
"You have a logical deadline," he also said. "December 15th. If nothing happens between now and then, the president has made quite clear he will put the tariffs in, the increased tariffs... We need an overall package that meets our requirements for phase one. And if so -- well, a lot of things might be possible. But it's great that he has the hammer of December 15th, because that's a real hammer. That won't interfere with this year's Christmas. Nobody's reordering stuff after the 15th of December. Retailers have stocked up. So, it's a very good time, if we have to put more tariffs on."