President Trump: “China wants trade deal, may not impose new tariffs.”
Friday, US President Donald Trump said that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his Administration may not have to impose further tariffs, but he added the situation was still not acceptable to him.
“China wants to make a deal. They sent a list of things that they are willing to do, which was a large list, and it is just not acceptable to me yet,” President Trump told reporters at the White House. He said the list of 142 items was “pretty complete” but “there are 4 or 5 big things left off.”
“I think we’ll probably get them too,” he added.
President Trump has imposed tariffs on $250-B of Chinese imports to force concessions from Beijing on the list of demands that would change the terms of trade between the 2 countries. China has responded with a smattering of import tariffs on US goods.
President Trump has also threatened to impose tariffs on all remaining Chinese imports, about $267-B worth, if Beijing fails to address the US demands.
Washington is demanding Beijing improve market access and intellectual property protections for US companies, cut industrial subsidies and slash a $375-B trade gap.
Tuesday, US Vice President Mike Pence said China needed to change its behavior to avoid a new cold war with the United States.
The US tariff rate on $200-B in Chinese goods is set to increase to 25% from 10% on 1 January 2019. President Trump has threatened to impose tariffs on all remaining Chinese imports about $267-B more in goods if Beijing fails to address U.S. demands.
“We may not have to do that,” President Trump told reporters Friday. “China would like to make a deal”