US President Donald Trump on
November 16 said he thinks there will be a trade deal with China, reiterating
that he wants a deal which is fair and on a reciprocal basis.
Trump's statement came ahead of
his meeting with his Chinese counterpart Xi Jinping in Argentina later this
month.
The US President kicked off the
trade war in June by slapping additional tariffs on billions of dollars of
Chinese exports, piling up pressure on China to reduce over $335 billion trade
deficit in $710.4 billion bilateral trade.
"We have tariffs coming in
on $250 billion worth of goods and we're talking about billions and billions of
dollars a month will flow into our country, and has already started flowing
into our country, that comes from China," Trump told reporters during a
news conference.
"So China's never been put
in this position, and I don't want to put them in a bad position. I want to put
them in a great position. But it's called reciprocal. We have to have a
reciprocal trade. We can't have a trade that's meant for stupid people. And
that's the way they took advantage of our country. And we don't have that
anymore, and they understand that," he said.
"I think a deal will be
made. We'll find out very soon," Trump said in response to a question.
China has sent to the US a list
of 142 items which they are willing to negotiate. That's good, he said.
"China wants to make a deal.
They sent a list of things that they're willing to do, which was a large list.
It is just not acceptable to me yet, but at some point, I think we are doing
extremely well with respect to China. I have a great respect for President Xi.
I have a great respect for China," Trump said.
Trump alleged that China has taken
advantage of the United States for many, many years.
"I think that they're going
to come in, and we're going to either open up China and make it fair, because
it's not fair right now. They do very little business with us, and we do a lot
of business. It, you know, it's just can't be. Plus they have tremendous
barriers. They have tremendous tariffs on us that we didn't have on them,"
he said.
But that's all changed now, the
President said.
"The US has put on tariffs
on $250 billion worth of goods and we have another $267 billion to go if we
want to.
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