‘China is an example’: Trump says that we are going to make a fair trade deal with every country
A day after softening its stance on trade war against China, President Donald Trump said on Wednesday that his administration was discussing trade with China and negotiating with countries is going on “very well”. Trump made an improptu comment outside the White House on Wednesday morning, where he announced that he planned to spend a new flying pair from his pocket on both sides of the White House.
The US is going to do a “fair deal” with China and everything is “active” on business talks.
He said, “Every country wants to participate in, even those countries that have ripped us for many, many years. China is an example, but it is not just China, European Union. They reprimanded us for many, many years, and they are over,” he said. “We will be able to reduce taxes to a great extent,” he said.
What changed the attitude of Donald Trump on tariff war against China?
According to reports, Trump was informed that his tariffs could disrupt the supply chains, raising prices, leading to empty cabinets. And this explanation was given by the CEO of the country’s three largest retailers – Walmart, Target and Home Depot. “The CEO Flat of the big box told him [Trump] Prices are not going up, they are still stable, but they will go up. And it was not about food. But they were told that the shelves would be empty, “an administration official acquainted with the meeting told Exios.
‘Opportunity for a big thing with China’
Trump’s Treasury Secretary Scott Besant said that the US and China have a big opportunity. During an appearance at the International Trade and Finance Institute at Washington, DC, “if they want to imbalance, do it together.”
“For decades, the gradual administration depended on the defective assumptions that would implement our business partner policies that would run a balanced global economy,” Besent said. “Instead, we face the reality of large and frequent American deficit as a result of an inappropriate trading system.”
