US and China are locked in a trade battle that has seen mounting tariffs, sparking fears the dispute will damage the global economy.
WASHINGTON: President Donald Trump said it would be wise for China to “act now” to finish a trade deal with the US, predicting that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
“I think that China felt they were beaten so badly in the recent negotiation that they may as well wait around for the next election,” Trump said on Saturday in a pair of early-evening tweets. “The only problem is that they know I am going to win. ..
Trump’s comments came a day after talks between the two economic superpowers ended without a resolution, the US increased its tariffs on billions of dollars of imports, and China made clear what it wants to see from the US in talks to end their trade war.
In a wide-ranging interview with Chinese media after talks in Washington ended Friday, Vice Premier Liu He said that in order to reach an agreement the US must remove all extra tariffs, set targets for Chinese purchases of goods in li ..
US officials insist they have been working on a deal that would bring an end to what they portray as China's rampant theft of American intellectual property and rein in the industrial subsidies that have fueled the rapid ascent of Chinese corporate giants.
Trump’s move to raise tariffs on Friday came after China backed away from prior commitments to enshrine changes promised at the negotiating table in Chinese law, according to US officials. During his meetings in Washington this week L ..
Sources : economictimes.indiatimes
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