US President Donald Trump has stated that the US is currently negotiating trade deals with several countries, including China.
Trump made it clear that his primary goal when dealing with China is to ensure that the US gets a fair trade deal.
While speaking to reporters on Air Force One, Trump mentioned that he wasn’t planning to meet Chinese President Xi Jinping this week, although US officials are in communication with Chinese representatives about various topics.
When asked about potential trade agreements being announced this week, Trump responded that it was possible but did not provide further specifics.
Since Trump imposed a 10% tariff on imports from many countries on April 2, along with increased tariffs on other trading partners (which were suspended for 90 days), his officials have been busy in meetings with international counterparts.
The president has also placed 25% tariffs on cars, steel, and aluminum, alongside additional tariffs on Canada, Mexico, and China.
Trump suggested that while he might not reach agreements with all countries, he could establish specific tariffs for certain trading partners in the next two to three weeks.
At the time of this report, it wasn’t clear whether he was referring to the tariffs announced on April 2, which are expected to take effect on July 8 after a 90-day break.
Trump reiterated his belief that China had taken advantage of the US for many years in global trade, and he criticized former President Nixon’s decision to build ties with China, calling it “the worst thing” he ever did.
In an interview with NBC News, Trump sounded more positive about the possibility of reaching a deal with China. He acknowledged that he had been tough on China, essentially cutting off trade between the two countries, but stated that China was eager to strike a deal.
He explained that the US was no longer losing a trillion dollars by doing business with China, and while China badly wanted a deal, it must be fair for the US.