China Urges US To Meet It ‘Halfway’ For A Trade Deal
Aug 24 2019
"I'm taking on China on trade", the president said.
Beijing appealed to Washington on Wednesday to "meet China halfway" on a new trade deal to end the tit-for-tat tariff war between the world's two biggest economies.
"Whether it's bad or good for the short term is irrelevant", Trump said. "My life would be much easier if I just said 'let China continue to rip off the United States.' But I can't do that".
While speaking to journalists at the White House, U.S. President Donald Trump said on August 21 that his life would be easier if he had not mounted a trade war with China, but he was "the chosen one" to take on Beijing.
Talks last month in Shanghai ended with no sign of progress.
Trump defended his handling of the trade dispute with China, saying it has led to China's "worst year [economically] in 27 years".
But China is not ready to yield to demands like dumping its industry development plans for the sake of trade harmony.
The tariffs would take effect in two separate batches, on September 1 and December 15. They were part of a new set of tariffs on $300 billion worth of goods that triggered a sharp selloff in the US stock market.
"Despite the U.S. decision to delay tariffs on some Chinese goods. if the United States rides roughshod over China's opposition and impose any new tariffs, China will be forced to adopt retaliatory actions", a representative for China's Ministry of Commerce, Gao Feng, told reporters Thursday. The U.S. government has sent billions of dollars in aid to American farmers to cover their losses when China stopped buying their crops. President Trump wants to use that meeting to talk about how strong the American economy is, and really talk about the fact that there isn't a recession coming, even though some economic - economists are really anxious about that. We're winning. I was put here by people to do a great job. Trump - who had earlier approvingly retweeted a description of himself as the King of Israel - said his predecessors had allowed the United States to be taken advantage of on trade and intellectual property and it had befallen him to undo the damage. Since Yang has had no problems getting visas for the other global fashion capitals - London, Paris and Milan - the team suspects that the bad blood between the USA and China could be to blame.