The New York Times reports, "President Trump on Wednesday played down the importance of securing a trade deal with China as he prepared to meet with President Xi Jinping of China this weekend, saying he was ready to proceed with additional tariffs if negotiations between the countries failed to get back on track. Mr. Trump said it was 'possible' that a deal could ultimately be reached and that China was eager for an agreement. But he said he was prepared to impose tariffs on another $300 billion of Chinese products, on top of the 25 percent levy he has already placed on $250 billion of Chinese imports. Mr. Trump also indicated he might limit the next round of tariffs to just 10 percent. 'My plan B is maybe my plan A,' the president said in an interview with Fox Business Network. 'My plan B is that if we don't make a deal, I will tariff and maybe not at 25 percent, but maybe at 10 percent, but I will tariff the rest of the $600 billion that we're talking about.'"