US President Donald Trump said Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the 2 countries’ differences but warning that he still may impose more tariffs on Chinese goods.
Trump, speaking to reporters in Washington just two hours after his top economic adviser expressed caution about US-China trade relations, said: “China very much wants to make a deal.”
“We’ve had a very good discussions with China, we’re getting much closer to doing something,” President Trump said before departing the White House for a campaign event.
“I spoke with President Xi yesterday. They very much want to make a deal,” President Trump said. “I think we’ll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States.”
President Trump said he will discuss trade with President Xi when the 2 meet for dinner on the sidelines of the G-20 leaders’ Summit at the end of November in Buenos Aires, Argentina.
President Trump said a deal with China would also be good for Beijing.
“If we can open up China and make it fair, for the 1st time ever, this should have done years ago by other Presidents but it was not- I am very much willing to do it. But China very much wants to make a deal,” he said.
President Trump’s comments came a day after a phone call with President Xi that he described as “very good..”
The Trump Administration officials have said US-China trade talks cannot resume until Beijing outlines specific actions it would take to meet US demands for sweeping changes to policies on technology transfers, industrial subsidies and market access.
The United States has imposed tariffs on $250-B worth of Chinese goods so far, while China has retaliated with $110-B worth of tariffs on US goods.
The Trump Administration also has taken action to hit the Chinese semiconductor industry, indicting 2 companies accused of stealing trade secrets and banning US software and equipment exports to 1 of them.
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