President Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., predicting that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
“I think that China felt they were beaten so badly in the recent negotiation that they may as well wait around for the next election,” Trump said Saturday in a pair of early-evening tweets. “The only problem is that they know I am going to win,” he tweeted.
Trump’s comments came a day after talks between the two economic superpowers ended without a resolution, the U.S. increased its tariffs on billions of dollars of imports, and China made clear what it wants to see from the U.S. in talks to end their trade war.
In a wide-ranging interview with Chinese media after talks in Washington ended Friday, Vice Premier Liu He said that in order to reach an agreement the U.S. must remove all extra tariffs, set targets for Chinese purchases of goods in line with real demand, and ensure that the text of the deal is “balanced” to ensure the “dignity” of both nations.
Liu’s conditions underscore the work still to be done if an accord is to be reached between the world’s two largest economies. Trump’s own negotiators told China it has a month to seal a deal or face tariffs on all its exports to the U.S.
That threat was made during talks Friday in Washington, hours after Trump upped the ante by imposing a second round of punitive duties on $200 billion in Chinese goods. China vowed retaliation, but hadn’t announced any details as of early Sunday morning in Beijing.Read the rest of the story HERE.
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