No deal with China will increase tariffs: Trump

US President Donald Trump warned that a failure to get a trade deal with China will prompt more tariffs. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump told the media. The remark comes in the wake of the fact that all over the world, markets are watching intensely for signs of progress in the two economic superpowers’ attempts to reach a so-called “phase one” partial deal taking the heat out of a growing trade war.