Monday, President Trump said that trade talks with China were under way and any deal would need to be somewhat tilted in favor of the United States.
Presidents Trump and Xi agreed in a meeting Saturday at a G-20 Summit in Japan to restart trade talks after the last major round of negotiations collapsed in May.
President Trump told reporters Monday that US and Chinese negotiators were “speaking very much on phone but they are also meeting. It essentially has already begun.”
“I think we have a good chance of making a deal,” President Trump said.
He said he expected China’s negotiating position to move closer to Washington’s. Talks broke down in May after the United States accused China of backtracking on reform pledges.
President Trump said China has had a “big advantage” over the United States in trade for “many years.”
“So obviously you cannot make a 50-50 deal. It has to be a deal that is somewhat tilted to our advantage,” President Trump said.