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Trump sours on potential US-China trade deal

Trump sours on potential US-China trade deal

So far, uncertainty has been about the only
certainty in the ongoing trade talks between the Trump administration and China. China has agreed to buy more American goods,
but hasn’t said how much more. And the move almost certainly won’t shave
$200 billion off the U.S. trade deficit, which is what White House officials were hoping
for. In return, the administration has agreed to
suspend tariffs on $150 billion of Chinese imports — according to Treasury Secretary
Steven Mnuchin, anyway. Per Trade Representative Robert Lighthizer,
those tariffs are actually still in play. Also up in the air is the fate of Chinese
tech firm ZTE, which is facing stifling U.S. sanctions. President Donald Trump has suggested he might
soften those penalties as part of a trade deal, but Congress is considering a bill to
block him from doing so. Trump previously tweeted that a tentative
agreement with China could be: Now, he’s suggesting that deal will need an
extensive rework to get done at all. Trump’s uncertainty is understandable — he’s
facing competing pressures from his allies to both clamp down on unfair Chinese business
practices and spare U.S. farmers from a damaging trade war with China. And overshadowing all of this is Trump’s upcoming
summit with North Korea. Chinese economic pressure has been a major
part of bringing North Korea to the table; that help could vanish if trade negotiations
don’t go China’s way.

2 comments on “Trump sours on potential US-China trade deal

  1. Poor China is trying to deal with a maniac here. He changes his opinions and whims umpteen times daily. And Munchkin is of course just interested in feathering his own nest and wasting our money on his bimbo-wife.

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