Trump warns China not to wait for 2020 US election to make trade deal

WASHINGTON (REUTERS) – US President Donald Trump on Tuesday (July 30) warned China against waiting out his first term in office to finalise any trade deal, saying if he wins re-election in the November 2020 US presidential contest, the outcome could be no agreement or a worse one.

“The problem with them waiting … is that if & when I win, the deal that they get will be much tougher than what we are negotiating now…or no deal at all,” Trump said in a post on Twitter, as the latest US-China trade talks began in Shanghai.

Trump said China appeared to be backing off on a pledge to buy US agricultural products, which US officials have said could be a goodwill gesture and part of any final pact.

“China … was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through,” Trump wrote in a series of tweets.

US and Chinese officials restarted negotiations after talks stalled in May in a bid to end a year-long trade war marked by tit-for-tat tariffs, but must still resolve deep differences, keeping expectations for this week’s two-day meeting low.

Related Stories: 

Source: Read Full Article