Trade deal could very well happen with China, says Donald Trump

By: | Published: January 20, 2019 4:25 AM

US President Donald Trump on Saturday said that a trade deal with China is most likely going to happen as he denied reports that his administration has removed some of the existing sanctions on China.

donald trump, us president donald trump, us , china, us china ties, economyUS President Donald Trump

US President Donald Trump on Saturday said that a trade deal with China is most likely going to happen as he denied reports that his administration has removed some of the existing sanctions on China.

“Things are going very well with China and with trade,” Trump said at the White House.

China and the US are currently holding talks to have a major bilateral trade agreement that addresses Trump’s concerns about the massive imbalance of trade and theft of American intellectual property by the Chinese.

Last year, Trump had imposed import tariffs on Chinese products worth more than USD 250 billion and an equal amount is under consideration. In December, Trump met with Chinese counterpart Xi Jinping on the sidelines of the G-20 Summit in Argentina where the two leaders agreed to give a temporary pause to their trade war and try to reach an agreement.

Officials from the two countries are currently holding talks on issues related to bilateral trade. Trump on Saturday exuded confidence that the two countries are nearing a trade deal.

“There were some false reports about sanctions being removed, we have taken in tremendous amounts of money into the United States because of the sanctions and we’ll see how it goes,” Trump said.

“If we make a deal, certainly we wouldn’t have sanctions. If we don’t make a deal – we will, but I think China’s been – we’ve really had a very extraordinary number of meetings, and a deal could very well happen with China,” said the president.

Also read: Donald Trump to meet Kim Jong-un again in February: White House

“It’s going very well, I’d say about as well as it could possibly go. Without a question,” he added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition