Tuesday, June 2, 2020

Trump warns China to postpone trade deal until presidential election 2020

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

US President Donald Trump warned China on Tuesday to wait until the US presidential election next year to reach a trade deal.

Trump – in a series of tweets on the social networking site “Twitter” reported by The Hill newspaper – that China may have a “good” agreement if the Democratic Party won the presidential election.

The Chinese president said that China should wait for the victory of a member of the Democratic Party and thus will hold a trade deal as good as the previous 30 years to complete the deception of the United States.

Trump stressed that if he wins again in the elections, the US offer to China will be tougher than the one currently being negotiated, and he warned of the possibility of not reaching an agreement at all. “We fully control the situation,” Trump said.

Negotiations between the United States and China are due to resume today with the meeting of US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese Vice Premier Liu He.

Trump raised tariffs on Chinese goods to 200 billion dollars and threatened to increase tariffs on Chinese imports to 300 billion dollars after the collapse of trade negotiations between the two countries in May, but indicated that he would not impose that increase if talks continue.

Read also: More than 600 US companies demand Trump to resolve trade dispute with China

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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