Trump says US trade deal with China may have to wait until after 2020 election

pCloud Premium

US President Donald Trump says it might be better to wait until after the November 2020 general election in the United States to reach a trade agreement with China.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters in London on Tuesday.

“I have no deadline, no. In some ways, I think it’s better to wait until after the election with China,” the US president added.

Also on Global economy will remain fragile next year, Moody’s says

The United States and China have yet to sign the so-called “phase one” agreement announced in October to de-escalate the ongoing trade war. However, on Tuesday the US president sought to put pressure on Beijing.

“The China trade deal is dependent on one thing – do I want to make it, because we are doing very well with China right now, and we can do even better with a flick of a pen,” he said. “And China is paying for it, and China is having by far the worst year that they have had in 57 years. So we’ll see what happens.”

For more stories on economy & finance visit RT’s business section

pCloud Premium

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.