FLASH: “I’m in no rush. I want the deal to be right. … I am not in a rush whatsoever. It’s got to be the right deal. It’s got to be a good deal for us and if it’s not, we’re not going to make that deal.”
President Trump said Wednesday he is in no rush to complete a trade deal with China that Washington wants to include structural reforms by Beijing, including how it treats US intellectual property.
President Trump and Chinese President Xi Jinping had been expected to meet at President Trump’s resort home in Florida at the end of March to finalize a pact that would end a months-long trade dispute. But since both sides are still negotiating, no date has been set for the Summit.
“I think things are going along very well – we’ll just see what the date is,” President Trump told reporters at the White House. “I’m in no rush. I want the deal to be right. … I am not in a rush whatsoever. It’s got to be the right deal. It’s got to be a good deal for us and if it’s not, we’re not going to make that deal.”
According to reports, China this week balked at a meeting over concerns President Trump would walk away from a trade deal, after President Trump did not make a peace deal with NKorean leader Kim Jong Un during a Summit in Hanoi, Vietnam.
President Trump said he would prefer ironing out details of any trade agreement in a face-to-face meeting with President Xi.
“I think President Xi saw that I am somebody that believes in walking when the deal is not done and you know there’s always a chance it could happen and he probably would not want that,” President Trump said.
“We could do it either way. We could have the deal completed and come and sign or we could get the deal almost completed and negotiate some of the final points. I would prefer that.”
Latest posts by Paul Ebeling (see all)
- F1: Mick Schumacher to test for Ferrari (NYSE:RACE)and Alfa Romeo (NYSE:FCAU) - March 26, 2019
- Ferrari’s (NYSE:RACE): Periodic Report on Its Buyback Program - March 26, 2019
- US Oil Exports to Flood the Market - March 26, 2019