Washington - US President Donald Trump said he thought there would be a trade deal with China, reiterating that he wants a deal which is fair and on a reciprocal basis.
Trump’s statement came ahead of his meeting with his Chinese counterpart Xi Jinping in Argentina later this month.
The US President kicked off the trade war in June by slapping additional tariffs on billions of dollars of Chinese exports, piling up pressure on China to reduce over USD 335 billion trade deficit in USD 710.4 billion bilateral trade.
“We have tariffs coming in on USD 250 billion worth of goods and we’re talking about billions and billions of dollars a month will flow into our country, and has already started flowing into our country, that comes from China,” Trump told reporters during a news conference recently.
“So China’s never been put in this position, and I don’t want to put them in a bad position. I want to put them in a great position. But it’s called reciprocal. We have to have reciprocal trade. We can’t have trade that’s meant for stupid people. And that’s the way they took advantage of our country. And we don’t have that anymore, and they understand that," he said.
“I think a deal will be made. We'll find out very soon,” Trump said in response to a question.